Monthly Treasury Statement 

of Receipts and Outlays 

of the United States Government 

 

For Fiscal Year 2008 Through July 31, 2008, and Other Periods 

Highlight 

The Budget Estimates provided in Table 2 and 3 are based on the Mid-Session Review of the 

FY 2009 Budget, released by the Office of Management and Budget on July 28, 2008. 

Federal Deposit Insurance Corporation disbursed $15 billion to cover insured deposits at failed financial institutions. 

RECEIPTS

OUTLAYS

DEFICIT

-500

0

500

1000

1500

2000

2500

B

I

L

L

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RECEIPTS, OUTLAYS, AND 

SURPLUS/DEFICIT THROUGH 

JULY 2008

 

Contents 

Summary, page 2 

Receipts, page 6 

Outlays, page 7 

Means of financing, page 20 

Receipts/outlays by month, page 28 

Federal trust funds/securities, page 30 

Receipts by source/outlays by 

 function, page 30 

Explanatory notes, page 31 

Compiled and Published by

Department of the Treasury

Financial Management Service 
2

Introduction 

The Monthly Treasury Statement of Receipts and Outlays of the United 

States Government (MTS) is prepared by the Financial Management 

Service, Department of the Treasury, and, after approval by the Fiscal 

Assistant Secretary of the Treasury; is normally released on the 8th 

workday of the month following the reporting month. The publication is 

based on data provided by Federal entities, disbursing officers, and 

Federal Reserve banks. 

AUDIENCE 

The MTS is published to meet the needs of those responsible for or 

interested in the cash position of the Treasury, those who are responsible 

for or interested in the Government's budget results; and individuals and 

businesses whose operations depend upon or are related to the 

Government's financial operations. 

DISCLOSURE STATEMENT 

This statement summarizes the financial activities of the Federal 

Government and off-budget Federal entities conducted in accordance 

with the Budget of the U.S. Government, i.e., receipts and outlays of 

funds, the surplus or deficit, and the means of financing the deficit or 

disposing of the surplus. Information is presented on a modified cash 

basis. Receipts are accounted for on the basis of collections; refunds of 

receipts are treated as deductions from gross receipts; revolving and 

management fund receipts, reimbursements and refunds of monies 

previously expended are treated as deductions from gross outlays; and 

interest on the public debt (public issues) is recognized on the accrual 

basis. Major information sources include accounting data reported by 

Federal entities, disbursing officers, and Federal Reserve banks. 

TRIAD OF PUBLICATIONS 

The MTS is part of a triad of Treasury financial reports. The Daily 

Treasury Statement is published each working day of the Federal 

Government. It provides data on the cash and debt operations of the 

Treasury based upon reporting of the Treasury account balances by 

Federal Reserve banks. The MTS is a report of Government receipts and 

outlays, based on agency reporting. The Combined Statement of 

Receipts, Outlays, and Balances of the United States Government is the 

official publication of the detailed receipts and outlays of the 

Government. It is published annually in accordance with legislative 

mandates given to the Secretary of the Treasury. 

DATA SOURCES AND INFORMATION 

The Explanatory Notes section of this publication provides information 

concerning the flow of data into the MTS and sources of information 

relevant to the MTS. 

Table 1. Summary of Receipts, Outlays, and the Deficit/Surplus of the U.S. Government, Fiscal Years 2007 and 2008, by 

 Month 

[$ millions] 

Period Receipts Outlays Deficit/Surplus (-) 

FY 2007 

 October................................................................... 167,693 217,014 49,321 

 November............................................................... 145,866 218,907 73,042 

 December............................................................... 259,969 218,007 -41,961 

 January................................................................... 260,609 222,372 -38,236 

 February ................................................................. 120,312 240,305 119,993 

 March ..................................................................... 166,490 262,761 96,270 

 April ........................................................................ 383,641 205,967 -177,674 

 May......................................................................... 164,239 231,937 67,699 

 June........................................................................ 276,517 249,036 -27,481 

 July......................................................................... 170,439 206,886 36,447 

 August .................................................................... 166,545 283,518 116,973 

 September.............................................................. 285,354 172,488 -112,866 

 Year-to-Date ........................................................ 12,567,672 12,729,199 1161,527 

FY 2008 

 October................................................................... 178,175 235,014 56,838 

 November............................................................... 151,055 249,293 98,238 

 December............................................................... 276,982 228,721 -48,261 

 January................................................................... 255,217 237,379 -17,839 

 February ................................................................. 105,723 281,287 175,563 

 March ..................................................................... 178,816 227,028 48,212 

 April ........................................................................ 403,751 244,469 -159,282 

 May......................................................................... 124,272 290,199 165,927 

 June........................................................................ 259,912 209,188 -50,725 

 July......................................................................... 160,494 263,261 102,767 

 Year-to-Date ........................................................ 2,094,398 2,465,838 371,441 

 1The receipt, outlay and deficit figures differ from the FY 2009 Budget, released by the 

Office of Management and Budget on February 4, 2008. The deficit figure differs by -$475 

million, due mainly to revisions in the data following the release of the Final Monthly 

Treasury Statement. 

 Note: Details may not add to totals due to rounding.
3

Table 2. Summary of Budget and Off-Budget Results and Financing of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

Classification This 

Month 

Current 

Fiscal 

Year to Date 

Budget 

Estimates Full 

Fiscal 

Year1

Prior 

Fiscal Year 

to Date 

(2007) 

Budget 

Estimates 

Next Fiscal 

Year (2009)1

Total On-Budget and Off-Budget Results: 

Total Receipts....................................................................................................... 160,494 2,094,398 2,552,940 2,115,773 2,651,363 

 

 On-Budget Receipts .......................................................................................... 110,050 1,541,003 1,896,112 1,584,085 1,968,990 

 Off-Budget Receipts ........................................................................................... 50,444 553,395 656,828 531,688 682,373 

 

Total Outlays ........................................................................................................ 263,261 2,465,838 2,942,377 2,273,193 3,133,202 

 

 On-Budget Outlays ............................................................................................ 217,179 2,098,278 2,469,773 1,921,132 2,631,725 

 Off-Budget Outlays ............................................................................................. 46,082 367,561 472,604 352,061 501,477 

 

Total Surplus (+) or Deficit (-)................................................................................ -102,767 -371,441 -389,437 -157,420 -481,839 

 

 On-Budget Surplus (+) or Deficit (-) ................................................................... -107,129 -557,275 -573,661 -337,046 -662,735 

 Off-Budget Surplus (+) or Deficit (-) .................................................................... +4,362 +185,834 +184,224 +179,627 +180,896 

Total On-Budget and Off-Budget Financing.......................................................... 102,767 371,441 389,437 157,420 481,839 

 

Means of Financing: 

 Borrowing from the Public................................................................................... 116,591 357,823 385,376 161,277 537,707 

 Reduction of Operating Cash, Increase (-).......................................................... -8,240 13,681 25,237 4,786 ...... 

 by Other Means .................................................................................................. -5,584 -64 -21,173 -8,644 -55,868 

 1These estimates are based on the Mid-Session Review of the FY 2009 Budget, released 

by the Office of Management and Budget on July 28, 2008. 

 ...No Transactions 

 Note: Details may not add to totals due to rounding. 

Figure 1. Monthly Receipts, Outlays, and Budget Deficit/Surplus of the U.S. Government, Fiscal Years 2007 and 

 2008 

Receipts

Outlays

Deficit (-) /Surplus

-300

-200

-100

0

100

200

300

400

500

Oct

FY

2007

Dec Feb Apr Jun Aug Oct

FY

2008

Dec Feb Apr Jun

$ billions

Jul 
4

Figure 2. Monthly Receipts of the U.S. Government, by Source, Fiscal Years 2007 and 2008 

Other Taxes and Receipts

Income Taxes

Social Security & Retirement

Total Receipts

0

50

100

150

200

250

300

350

400

450

Oct

FY

2007

Dec Feb Apr Jun Aug Oct

FY

2008

Dec Feb Apr Jun

$ billions

Figure 3. Monthly Outlays of the U.S. Government, by Function, Fiscal Years 2007 and 2008 

Net Interest

National Defense

Other Non-Defense

Social Security & Medicare

Total Outlays

0

50

100

150

200

250

300

350

Oct

FY

2007

Dec Feb Apr Jun Aug Oct

FY

2008

Dec Feb Apr Jun

$ billions
5

Table 3. Summary of Receipts and Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

Classification This 

Month 

Current 

Fiscal 

Year to Date 

Comparable 

Prior Period 

Year to Date 

Budget 

Estimates 

Full Fiscal Year1

 

Budget Receipts 

 

Individual Income Taxes ......................................................................................................... 66,124 943,887 964,698 1,168,991 

Corporation Income Taxes...................................................................................................... 10,282 246,799 289,184 309,255 

Social Insurance and Retirement Receipts: 

 Employment and General Retirement (Off-Budget) .............................................................. 50,444 553,395 531,688 656,828 

 Employment and General Retirement (On-Budget) .............................................................. 14,833 166,315 157,924 198,032 

 Unemployment Insurance..................................................................................................... 2,815 35,048 35,823 41,577 

 Other Retirement .................................................................................................................. 387 3,518 3,582 4,720 

Excise Taxes .......................................................................................................................... 5,933 54,266 51,723 68,090 

Estate and Gift Taxes ............................................................................................................. 2,536 24,949 21,572 28,426 

Customs Duties ...................................................................................................................... 2,678 22,860 21,081 27,709 

Miscellaneous Receipts .......................................................................................................... 4,461 43,361 38,498 49,312 

 Total Receipts ................................................................................................................... 160,494 2,094,398 2,115,773 2,552,940 

 (On-Budget)..................................................................................................................... 110,050 1,541,003 1,584,085 1,896,112 

 (Off-Budget)..................................................................................................................... 50,444 553,395 531,688 656,828 

 

Budget Outlays 

 

Legislative Branch .................................................................................................................. 359 3,695 3,640 4,588 

Judicial Branch ....................................................................................................................... 520 5,266 4,996 6,161 

Department of Agriculture....................................................................................................... 5,762 77,643 272,943 93,427 

Department of Commerce....................................................................................................... 670 6,336 5,350 8,323 

Department of Defense-Military .............................................................................................. 51,475 491,009 437,725 582,218 

Department of Education ........................................................................................................ 3,853 55,777 52,863 67,643 

Department of Energy............................................................................................................. 1,823 16,329 16,612 21,528 

Department of Health and Human Services............................................................................ 62,356 582,805 560,215 706,401 

Department of Homeland Security.......................................................................................... 3,203 33,126 32,517 39,513 

Department of Housing and Urban Development ................................................................... 3,654 42,139 37,666 50,476 

Department of the Interior....................................................................................................... 985 8,438 28,479 10,888 

Department of Justice............................................................................................................. 2,278 22,255 20,043 25,933 

Department of Labor............................................................................................................... 5,745 47,450 40,002 61,252 

Department of State................................................................................................................ 1,284 14,266 10,906 19,084 

Department of Transportation................................................................................................. 6,521 51,895 48,085 67,687 

Department of the Treasury: 

 Interest on Treasury Debt Securities (Gross)........................................................................ 24,068 401,334 385,103 441,028 

 Other .................................................................................................................................... 2,000 101,631 64,834 95,607 

Department of Veterans Affairs............................................................................................... 7,261 70,263 60,009 85,824 

Corps of Engineers................................................................................................................. 483 4,090 2,904 6,622 

Other Defense Civil Programs ................................................................................................ 3,948 38,835 39,390 48,974 

Environmental Protection Agency........................................................................................... 570 6,546 6,795 7,541 

Executive Office of the President............................................................................................ 82 1,030 2,651 1,779 

General Services Administration............................................................................................. -4 473 224 357 

International Assistance Program........................................................................................... 1,244 8,579 11,278 12,441 

National Aeronautics and Space Administration ..................................................................... 1,550 14,516 12,610 17,321 

National Science Foundation.................................................................................................. 658 4,668 4,413 6,266 

Office of Personnel Management ........................................................................................... 6,039 57,787 52,362 64,581 

Small Business Administration................................................................................................ 63 363 997 736 

Social Security Administration ................................................................................................ 55,137 546,847 516,064 657,096 

Other Independent Agencies .................................................................................................. 17,865 30,108 10,935 25,696 

Undistributed Offsetting Receipts: 

 Interest.................................................................................................................................. -1,560 -187,393 -175,849 -194,448 

 Other .................................................................................................................................... -6,631 -92,268 -73,569 -100,166 

 Total Outlays..................................................................................................................... 263,261 2,465,838 2,273,193 2,942,377 

 (On-Budget)..................................................................................................................... 217,179 2,098,278 1,921,132 2,469,773 

 (Off-Budget)..................................................................................................................... 46,082 367,561 352,061 472,604 

 Surplus (+) or Deficit (-).................................................................................................... -102,767 -371,441 -157,420 -389,437 

 (On-Budget)..................................................................................................................... -107,129 -557,275 -337,046 -573,661 

 (Off-Budget)..................................................................................................................... +4,362 +185,834 +179,627 +184,224 

 1These estimates are based on the Mid-Session Review of the FY 2009 Budget, 

released by the Office of Management and Budget on July 28, 2008. 

 2 Outlays for the Department of Agriculture have decreased and outlays for the 

Department of Interior, Minerals Management Service have been correspondingly 

increased by $ 9,290 million to reflect additional reporting by Department of Interior in 

September 2007. 

 Note: Details may not add to totals due to rounding 
6

Table 4. Receipts of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Receipts 

Refunds 

(Deduct) Receipts Gross 

Receipts 

Refunds 

(Deduct) Receipts Gross 

Receipts 

Refunds 

(Deduct) Receipts 

 

Individual Income Taxes: 

 Withheld.......................................................................................................... 76,858 823,506 789,285

 Presidential Election Campaign Fund ............................................................. 1 48 49

 Other .............................................................................................................. 6,581 391,650 371,834

 Total--Individual Income Taxes.................................................................. 83,439 17,314 66,124 1,215,205 271,318 943,887 1,161,167 196,469 964,698

Corporation Income Taxes............................................................................. 12,492 2,210 10,282 290,290 43,492 246,799 311,538 22,353 289,184

Social Insurance and Retirement Receipts: 

 Employment and General Retirement: 

 Federal Old-Age and Survivors Ins. Trust Fund: 

 Federal Insurance Contributions Act Taxes ................................................ 42,637 ...... 42,637 450,717 ...... 450,717 431,828 ...... 431,828

 Self-Employment Contributions Act Taxes.................................................. 485 ...... 485 26,137 ...... 26,137 24,950 ...... 24,950

 Adjustments Attributable to Prior Years ...................................................... ...... ...... ...... -3,793 ...... -3,793 -2,269 ...... -2,269

 Total--FOASI Trust Fund .......................................................................... 43,122 ...... 43,122 473,061 ...... 473,061 454,509 ...... 454,509

 Federal Disability Insurance Trust Fund: 

 Federal Insurance Contributions Act Taxes ................................................ 7,240 ...... 7,240 76,537 ...... 76,537 73,329 ...... 73,329

 Self-Employment Contributions Act Taxes.................................................. 82 ...... 82 4,439 ...... 4,439 4,237 ...... 4,237

 Adjustments Attributable to Prior Years ...................................................... ...... ...... ...... -643 ...... -643 -387 ...... -387

 Total--FDI Trust Fund ............................................................................... 7,322 ...... 7,322 80,333 ...... 80,333 77,179 ...... 77,179

 Federal Hospital Insurance Trust Fund: 

 Federal Insurance Contributions Act Taxes ................................................ 14,186 ...... 14,186 150,915 ...... 150,915 144,069 ...... 144,069

 Self-Employment Contributions Act Taxes.................................................. 212 ...... 212 11,391 ...... 11,391 10,650 ...... 10,650

 Receipts from Railroad Retirement Board................................................... ...... ...... ...... 494 ...... 494 455 ...... 455

 Adjustments Attributable to Prior Years ...................................................... ...... ...... ...... -69 ...... -69 -770 ...... -770

 Total--FHI Trust Fund ............................................................................... 14,398 ...... 14,398 162,731 ...... 162,731 154,404 ...... 154,404

 Railroad Retirement : 

 Rail Pension and Supplemental Annuity ..................................................... 222 (**) 221 2,010 5 2,004 1,971 1 1,970

 Social Security Equivalent Account............................................................. 214 (**) 214 1,587 7 1,580 1,551 1 1,550

 Total--Employment and General Retirement:............................................ 65,278 1 65,277 719,722 12 719,710 689,613 1 689,612

 Unemployment Insurance: 

 Deposits by States........................................................................................ 1,842 ...... 1,842 27,828 ...... 27,828 28,565 ...... 28,565

 Federal Unemployment Tax Act Taxes......................................................... 964 12 952 7,220 93 7,128 7,270 101 7,169

 Railroad Unemployment Taxes..................................................................... 22 ...... 22 93 ...... 93 89 ...... 89

 Total--Unemployment Insurance................................................................. 2,827 12 2,815 35,141 93 35,048 35,924 101 35,823

 Other Retirement: 

 Federal Employees Retirement - Employee Share ....................................... 384 ...... 384 3,482 ...... 3,482 3,542 ...... 3,542

 Non-Federal Employees Retirement............................................................. 3 ...... 3 36 ...... 36 40 ...... 40

 Total--Other Retirement.............................................................................. 387 ...... 387 3,518 ...... 3,518 3,582 ...... 3,582

 Total--Social Insurance and Retirement Receipts................................ 68,492 13 68,479 758,381 105 758,276 729,118 102 729,016

Excise Taxes: 

 Miscellaneous Excise Taxes........................................................................... 1,701 65 1,637 17,272 1,179 16,094 16,682 4,757 11,925

 Airport and Airway Trust Fund ........................................................................ 1,054 ...... 1,054 9,142 39 9,103 8,713 43 8,669

 Highway Trust Fund........................................................................................ 3,190 ...... 3,190 29,178 629 28,548 31,204 565 30,639

 Black Lung Disability Trust Fund..................................................................... 53 ...... 53 521 ...... 521 489 ...... 489

 Total--Excise Taxes .................................................................................... 5,998 65 5,933 56,113 1,847 54,266 57,088 5,365 51,723

Estate and Gift Taxes ..................................................................................... 2,605 69 2,536 25,754 805 24,949 22,381 809 21,572

Customs Duties .............................................................................................. 2,732 54 2,678 23,646 787 22,860 22,481 1,400 21,081

Miscellaneous Receipts: 

 Deposits of Earnings by Federal Reserve Banks............................................ 2,995 ...... 2,995 30,448 ...... 30,448 26,101 ...... 26,101

 Universal Service Fund................................................................................... 773 ...... 773 6,857 ...... 6,857 6,107 ...... 6,107

 All Other.......................................................................................................... 694 1 693 6,102 46 6,056 6,311 22 6,289

 Total -- Miscellaneous Receipts................................................................. 4,462 1 4,461 43,407 46 43,361 38,520 22 38,498

 Total -- Receipts.......................................................................................... 180,221 19,727 160,494 2,412,797 318,400 2,094,398 2,342,294 226,520 2,115,773

 Total -- On-Budget ...................................................................................... 129,777 19,727 110,050 1,859,403 318,400 1,541,003 1,810,606 226,520 1,584,085

 Total -- Off-Budget...................................................................................... 50,444 ...... 50,444 553,395 ...... 553,395 531,688 ...... 531,688

 ... No Transactions 

 (**) Less than $500,000 

 Note: Details may not add to totals due to rounding. 
7

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross 

Outlays 

Applicable 

Receipts Outlays Gross 

Outlays 

Applicable 

Receipts Outlays 

 

Legislative Branch: 

 Senate ..................................................................................................................... 70 (**) 69 683 2 682 658 2 656

 House of Representatives........................................................................................ 109 (**) 109 1,105 1 1,104 1,020 1 1,019

 Joint Items ............................................................................................................... 2 ...... 2 18 ...... 18 13 ...... 13

 Capitol Police........................................................................................................... 24 ...... 24 231 ...... 231 233 ...... 233

 Congressional Budget Office ................................................................................... 3 ...... 3 31 ...... 31 30 ...... 30

 Architect of the Capitol............................................................................................. 38 1 37 411 9 403 422 9 413

 Library of Congress ................................................................................................. 47 1 47 681 9 673 769 9 760

 Government Printing Office...................................................................................... 26 ...... 26 87 ...... 87 99 ...... 99

 Government Accountability Office............................................................................ 36 ...... 36 412 ...... 412 396 ...... 396

 United States Tax Court........................................................................................... 3 ...... 3 39 ...... 39 35 ...... 35

 Other Legislative Branch Agencies.......................................................................... 6 ...... 6 43 ...... 43 47 ...... 47

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... -5 5 ...... 3 -3

 Intrabudgetary Transactions .................................................................................... -2 ...... -2 -33 ...... -33 -59 ...... -59

 Total--Legislative Branch .................................................................................... 361 3 359 3,711 16 3,695 3,664 23 3,640

Judicial Branch: 

 Supreme Court of the United States ........................................................................ 8 ...... 8 71 ...... 71 63 ...... 63

 Courts of Appeals, District Courts, and Other 

 Judicial Services..................................................................................................... 509 ...... 509 5,411 ...... 5,411 5,023 ...... 5,023

 Other ....................................................................................................................... 14 ...... 14 229 ...... 229 234 ...... 234

 Proprietary Receipts from the Public........................................................................ ...... 8 -8 ...... 48 -48 ...... 84 -84

 Intrabudgetary Transactions .................................................................................... -4 ...... -4 -399 ...... -399 -240 ...... -240

 Total--Judicial Branch ......................................................................................... 527 8 520 5,313 48 5,266 5,079 84 4,996

Department of Agriculture: 

 Agricultural Research Service.................................................................................. 96 ...... 96 1,104 ...... 1,104 1,101 ...... 1,101

 Cooperative State Research, Education, And 

 Extension Service: 

 Research and Education Activities......................................................................... 52 ...... 52 534 ...... 534 515 ...... 515

 Extension Activities................................................................................................ 30 ...... 30 365 ...... 365 356 ...... 356

 Other ..................................................................................................................... 5 ...... 5 48 ...... 48 51 ...... 51

 Animal and Plant Health Inspection Service ............................................................ 96 ...... 96 984 ...... 984 926 ...... 926

 Food Safety and Inspection Service ........................................................................ 70 ...... 70 765 ...... 765 696 ...... 696

 Agricultural Marketing Service ................................................................................. 134 ...... 134 770 ...... 770 835 ...... 835

 Risk Management Agency: 

 Administrative and Operating Expenses ................................................................ 5 ...... 5 62 ...... 62 64 ...... 64

 Federal Crop Insurance Corporation Fund............................................................. 695 3 692 4,818 2,068 2,750 3,663 1,344 2,319

 Farm Service Agency: 

 Salaries and Expenses .......................................................................................... 132 ...... 132 904 ...... 904 839 ...... 839

 Commodity Credit Corporation .............................................................................. 569 1,524 -954 19,900 11,275 8,625 23,009 12,329 10,680

 Tobacco Trust Fund............................................................................................... 13 ...... 13 913 ...... 913 873 ...... 873

 Agricultural Credit Insurance Fund......................................................................... 14 27 -14 583 336 246 547 356 191

 Other ..................................................................................................................... 40 ...... 40 2,376 ...... 2,376 75 ...... 75

 Total--Farm Service Agency ................................................................................ 768 1,551 -783 24,676 11,611 13,065 25,342 12,685 12,657

 Natural Resources Conservation Service: 

 Conservation Operations ....................................................................................... 79 ...... 79 692 ...... 692 721 ...... 721

 Farm Security and Rural Investment Programs ..................................................... 133 ...... 133 1,453 ...... 1,453 1,207 ...... 1,207

 Other ..................................................................................................................... 22 ...... 22 236 ...... 236 321 ...... 321

 Rural Development.................................................................................................. 133 ...... 133 696 ...... 696 637 ...... 637

 Rural Housing Service: 

 Rural Housing Insurance Fund .............................................................................. 26 83 -58 666 785 -119 656 867 -211

 Rental Assistance Program ................................................................................... 79 ...... 79 772 ...... 772 739 ...... 739

 Other ..................................................................................................................... 11 ...... 11 92 ...... 92 95 ...... 95

 Rural Utilities Service: 

 Rural Electrification and Telecommunications Fund .............................................. 39 140 -100 660 2,279 -1,619 718 2,662 -1,944

 Other ..................................................................................................................... 14 25 -11 59 190 -132 66 202 -136

 Foreign Agricultural Service..................................................................................... 7 ...... 7 915 ...... 915 1,758 ...... 1,758

 Food and Nutrition Service: 

 Food Stamp Program ............................................................................................ 3,352 ...... 3,352 32,304 ...... 32,304 29,043 ...... 29,043

 Child Nutrition Programs........................................................................................ 1,002 ...... 1,002 12,911 ...... 12,911 11,946 ...... 11,946

 Special Supplemental Nutrition Program For 

 Women, Infants, and Children (WIC) .................................................................... 526 ...... 526 5,140 ...... 5,140 4,415 ...... 4,415

 Other ..................................................................................................................... 23 ...... 23 324 ...... 324 280 ...... 280

 Total--Food and Nutrition Service ........................................................................ 4,903 ...... 4,903 50,678 ...... 50,678 45,683 ...... 45,683

 Forest Service: 

 National Forest System.......................................................................................... 114 ...... 114 1,221 ...... 1,221 1,233 ...... 1,233

 Wildland Fire Management .................................................................................... 304 ...... 304 1,729 ...... 1,729 1,639 ...... 1,639

 Forest Service Permanent Appropriations ............................................................. 20 ...... 20 556 ...... 556 552 ...... 552

 Other ..................................................................................................................... 116 ...... 116 1,109 ...... 1,109 1,123 ...... 1,123

 Total--Forest Service ........................................................................................... 554 ...... 554 4,614 ...... 4,614 4,548 ...... 4,548

 Other ....................................................................................................................... -17 4 -21 750 43 707 719 35 684

 Proprietary Receipts from the Public........................................................................ ...... 393 -393 ...... 1,833 -1,833 ...... 1669 -669

 Intrabudgetary Transactions .................................................................................... 28 ...... 28 43 ...... 43 -12 ...... -12

 Total--Department of Agriculture........................................................................ 7,960 2,198 5,762 96,452 18,809 77,643 91,406 18,464 72,943
8

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Commerce: 

 Economic Development Administration ................................................................... 37 (**) 37 235 1 234 224 3 221

 Bureau of the Census .............................................................................................. 80 ...... 80 966 ...... 966 761 ...... 761

 International Trade Administration ........................................................................... 27 ...... 27 354 ...... 354 335 ...... 335

 National Oceanic and Atmospheric Administration .................................................. 361 (**) 361 3,522 13 3,509 3,109 7 3,101

 National Institute of Standards and Technology....................................................... 61 ...... 61 636 ...... 636 564 ...... 564

 National Telecommunication and Information Administration................................... 140 ...... 140 386 ...... 386 38 ...... 38

 Other ....................................................................................................................... 11 2 10 288 17 271 283 19 264

 Proprietary Receipts from the Public........................................................................ ...... 22 -22 ...... 21 -21 ...... -63 63

 Intrabudgetary Transactions .................................................................................... -23 ...... -23 1 ...... 1 1 ...... 1

 Total--Department of Commerce ........................................................................ 694 24 670 6,389 52 6,336 5,315 -34 5,350

Department of Defense-Military: 

 Military Personnel: 

 Department of the Army......................................................................................... 4,821 ...... 4,821 51,092 ...... 51,092 45,223 ...... 45,223

 Department of the Navy......................................................................................... 3,543 ...... 3,543 36,117 ...... 36,117 33,300 ...... 33,300

 Department of the Air Force................................................................................... 2,516 ...... 2,516 26,931 ...... 26,931 25,729 ...... 25,729

 Defense Agencies.................................................................................................. ...... ...... ...... 2,776 ...... 2,776 2,452 ...... 2,452

 Total--Military Personnel ...................................................................................... 10,881 ...... 10,881 116,916 ...... 116,916 106,704 ...... 106,704

 Operation and Maintenance: 

 Department of the Army......................................................................................... 8,112 ...... 8,112 77,191 ...... 77,191 64,179 ...... 64,179

 Department of the Navy......................................................................................... 4,277 ...... 4,277 40,289 ...... 40,289 36,246 ...... 36,246

 Department of the Air Force................................................................................... 4,233 ...... 4,233 40,638 ...... 40,638 37,559 ...... 37,559

 Defense Agencies.................................................................................................. 4,775 ...... 4,775 42,128 ...... 42,128 38,379 ...... 38,379

 Total--Operation and Maintenance .................................................................... 21,398 ...... 21,398 200,246 ...... 200,246 176,363 ...... 176,363

 International Reconstruction and Other Assistance: 

 Department of the Army......................................................................................... 3 ...... 3 25 ...... 25 30 ...... 30

 Procurement: 

 Department of the Army......................................................................................... 3,912 ...... 3,912 31,814 ...... 31,814 23,465 ...... 23,465

 Department of the Navy......................................................................................... 3,243 ...... 3,243 31,397 ...... 31,397 27,010 ...... 27,010

 Department of the Air Force................................................................................... 3,100 ...... 3,100 27,987 ...... 27,987 28,370 ...... 28,370

 Defense Agencies.................................................................................................. 528 ...... 528 4,316 ...... 4,316 3,490 ...... 3,490

 Total--Procurement.............................................................................................. 10,783 ...... 10,783 95,514 ...... 95,514 82,335 ...... 82,335

 Research, Development, Test, and Evaluation: 

 Department of the Army......................................................................................... 939 ...... 939 9,438 ...... 9,438 9,560 ...... 9,560

 Department of the Navy......................................................................................... 1,364 ...... 1,364 15,247 ...... 15,247 15,705 ...... 15,705

 Department of the Air Force................................................................................... 3,232 ...... 3,232 21,407 ...... 21,407 20,160 ...... 20,160

 Defense Agencies.................................................................................................. 1,699 ...... 1,699 16,937 ...... 16,937 16,627 ...... 16,627

 Total--Research, Development, Test, and Evaluation.......................................... 7,233 ...... 7,233 63,028 ...... 63,028 62,051 ...... 62,051

 Military Construction: 

 Department of the Army......................................................................................... 302 ...... 302 2,524 ...... 2,524 2,408 ...... 2,408

 Department of the Navy......................................................................................... 132 ...... 132 1,180 ...... 1,180 1,036 ...... 1,036

 Department of the Air Force................................................................................... 121 ...... 121 1,186 ...... 1,186 1,179 ...... 1,179

 Defense Agencies.................................................................................................. 571 ...... 571 4,283 ...... 4,283 1,889 ...... 1,889

 Total--Military Construction .................................................................................. 1,126 ...... 1,126 9,173 ...... 9,173 6,512 ...... 6,512

 Family Housing: 

 Department of the Army......................................................................................... 126 ...... 126 936 ...... 936 924 ...... 924

 Department of the Navy......................................................................................... 38 ...... 38 430 ...... 430 515 ...... 515

 Department of the Air Force................................................................................... 122 ...... 122 1,131 ...... 1,131 1,010 ...... 1,010

 Defense Agencies.................................................................................................. 4 ...... 4 401 (**) 401 313 (**) 313

 Revolving and Management Funds: 

 Department of the Army......................................................................................... ...... ...... ...... (**) ...... (**) 11 ...... 11

 Department of the Navy......................................................................................... 33 ...... 33 1,289 ...... 1,289 1,277 ...... 1,277

 Defense Agencies: 

 Working Capital Fund .......................................................................................... 598 ...... 598 3,562 ...... 3,562 991 ...... 991

 Other.................................................................................................................... -8 ...... -8 -170 (**) -170 -430 ...... -430

 Other ....................................................................................................................... (**) ...... (**) 34 ...... 34 29 ...... 29

 Trust Funds: 

 Department of the Army......................................................................................... 4 ...... 4 6 ...... 6 6 ...... 6

 Department of the Navy......................................................................................... 2 ...... 2 17 ...... 17 17 ...... 17

 Department of the Air Force................................................................................... (**) (**) (**) 11 6 5 7 6 1

 Defense Agencies.................................................................................................. 25 ...... 25 163 ...... 163 176 ...... 176

 Proprietary Receipts from the Public: 

 Department of the Army......................................................................................... ...... -222 222 ...... 412 -412 ...... -359 359

 Department of the Navy......................................................................................... ...... 6 -6 ...... 63 -63 ...... 178 -178

 Department of the Air Force................................................................................... ...... 14 -14 ...... 55 -55 ...... 14 -14

 Defense Agencies.................................................................................................. ...... 579 -579 ...... 930 -930 ...... 1,085 -1,085

 Intrabudgetary Transactions: 

 Department of the Army......................................................................................... -221 ...... -221 -4 ...... -4 18 ...... 18

 Department of the Navy......................................................................................... -3 ...... -3 -10 ...... -10 -38 ...... -38

 Department of the Air Force................................................................................... -138 ...... -138 -169 ...... -169 (**) ...... (**)

 Defense Agencies.................................................................................................. -153 ...... -153 -44 ...... -44 -165 ...... -165

 Offsetting Governmental Receipts: 

 Department of the Army......................................................................................... ...... 1 -1 ...... 8 -8 ...... 6 -6

 Defense Agencies.................................................................................................. ...... (**) (**) ...... (**) (**) ...... (**) (**)

 Total--Department of Defense--Military............................................................ 51,853 378 51,475 492,484 1,475 491,009 438,655 930 437,725
9

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Education: 

 Office of Elementary and Secondary Education: 

 Education for the Disadvantaged........................................................................... 1,135 ...... 1,135 12,596 ...... 12,596 12,200 ...... 12,200

 Impact Aid.............................................................................................................. 38 ...... 38 1,236 ...... 1,236 1,151 ...... 1,151

 School Improvement Programs.............................................................................. 426 ...... 426 4,413 ...... 4,413 4,650 ...... 4,650

 Other ..................................................................................................................... 10 ...... 10 99 ...... 99 103 ...... 103

 Total--Office of Elementary and Secondary Education ........................................ 1,608 ...... 1,608 18,344 ...... 18,344 18,104 ...... 18,104

 Office of Innovation and Improvement ..................................................................... 81 ...... 81 736 ...... 736 707 ...... 707

 Office of Safe and Drug-Free Schools ..................................................................... 62 ...... 62 613 ...... 613 629 ...... 629

 Office of English Language Acquisition.................................................................... 41 ...... 41 524 ...... 524 560 ...... 560

 Office of Special Education and Rehabilitative Services: 

 Special Education.................................................................................................. 740 ...... 740 10,861 ...... 10,861 10,224 ...... 10,224

 Rehabilitation Services and Disability Research .................................................... 275 ...... 275 2,744 ...... 2,744 2,611 ...... 2,611

 Special Institutions for Persons with Disabilities .................................................... 29 ...... 29 173 ...... 173 167 ...... 167

 Office of Vocational and Adult Education................................................................. 138 ...... 138 1,613 ...... 1,613 1,644 ...... 1,644

 Office of Postsecondary Education: 

 Higher Education ................................................................................................... 153 ...... 153 1,654 ...... 1,654 1,597 ...... 1,597

 Other ..................................................................................................................... 55 2 53 221 16 205 538 24 514

 Total--Office of Postsecondary Education............................................................ 208 2 206 1,875 16 1,859 2,134 24 2,111

 Office of Federal Student Aid: 

 Student Financial Assistance................................................................................. 593 ...... 593 12,468 ...... 12,468 10,838 ...... 10,838

 Academic Competitiveness-Smart Grant Program................................................. 11 ...... 11 444 ...... 444 379 ...... 379

 Student Aid Administration..................................................................................... 70 ...... 70 549 ...... 549 320 ...... 320

 Federal Student Loan Reserve Fund ..................................................................... ...... ...... ...... -483 ...... -483 -793 ...... -793

 Federal Direct Student Loans ................................................................................ 2 ...... 2 5,584 ...... 5,584 5,376 ...... 5,376

 Federal Family Education Loans............................................................................ -86 ...... -86 4,344 ...... 4,344 3,596 ...... 3,596

 Total--Federal Student Aid................................................................................... 590 ...... 590 22,904 ...... 22,904 19,716 ...... 19,716

 Institute of Education Sciences................................................................................ 42 ...... 42 380 ...... 380 368 ...... 368

 Hurricane Education Recovery ................................................................................ 9 ...... 9 161 ...... 161 375 ...... 375

 Other ....................................................................................................................... 66 ...... 66 473 ...... 473 466 ...... 466

 Proprietary Receipts from the Public........................................................................ ...... 29 -29 ...... 5,631 -5,631 ...... 4,834 -4,834

 Intrabudgetary Transactions .................................................................................... -3 ...... -3 23 ...... 23 14 ...... 14

 Total--Department of Education ......................................................................... 3,884 31 3,853 61,425 5,648 55,777 57,720 4,857 52,863

Department of Energy: 

 National Nuclear Security Administration: 

 Naval Reactors ...................................................................................................... 63 ...... 63 656 ...... 656 668 ...... 668

 Weapons Activities ................................................................................................ 488 ...... 488 4,995 ...... 4,995 5,039 ...... 5,039

 Defense Nuclear Nonproliferation.......................................................................... 171 ...... 171 1,378 ...... 1,378 1,229 ...... 1,229

 Other ..................................................................................................................... 37 ...... 37 323 ...... 323 308 ...... 308

 Environmental and Other Defense Activities: 

 Defense Environmental Cleanup ........................................................................... 429 ...... 429 4,759 ...... 4,759 4,995 ...... 4,995

 Other Defense Activities ........................................................................................ 58 ...... 58 634 ...... 634 440 ...... 440

 Defense Nuclear Waste Disposal .......................................................................... 13 ...... 13 203 ...... 203 312 ...... 312

 Other ..................................................................................................................... (**) ...... (**) -1 ...... -1 -1 ...... -1

 Energy Programs: 

 Science.................................................................................................................. 347 ...... 347 3,207 ...... 3,207 3,060 ...... 3,060

 Energy Supply ....................................................................................................... 165 ...... 165 1,342 ...... 1,342 1,366 ...... 1,366

 Energy Efficiency and Renewable Energy ............................................................. 14 ...... 14 275 ...... 275 ...... ...... ......

 Uranium Enrichment Decontamination and Decommissioning Fund...................... 60 ...... 60 447 ...... 447 402 ...... 402

 Other ..................................................................................................................... 66 1 65 1,328 29 1,299 1,352 28 1,324

 Total--Energy Programs....................................................................................... 651 1 650 6,598 29 6,569 6,180 28 6,152

 Power Marketing Administration .............................................................................. 217 362 -145 2,554 2,790 -236 2,167 2,767 -600

 Departmental Administration.................................................................................... 32 ...... 32 218 ...... 218 188 ...... 188

 Proprietary Receipts from the Public........................................................................ ...... 208 -208 ...... 1,247 -1,247 ...... 1,245 -1,245

 Intrabudgetary Transactions .................................................................................... 233 ...... 233 -1,923 ...... -1,923 -874 ...... -874

 Total--Department of Energy............................................................................... 2,393 571 1,823 20,394 4,066 16,329 20,652 4,040 16,612
10

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Health and Human Services: 

 Public Health Service: 

 Food and Drug Administration ............................................................................... 139 1 139 1,116 6 1,110 1,277 5 1,272

 Health Resources and Services Administration ..................................................... 563 1 562 5,817 11 5,806 5,474 11 5,462

 Indian Health Services........................................................................................... 378 ...... 378 2,763 ...... 2,763 2,806 ...... 2,806

 Centers for Disease Control and Prevention.......................................................... 476 ...... 476 4,776 ...... 4,776 4,584 ...... 4,584

 National Institutes of Health ................................................................................... 2,416 ...... 2,416 24,098 ...... 24,098 23,008 ...... 23,008

 Substance Abuse and Mental Health Services Administration............................... 221 ...... 221 2,723 ...... 2,723 2,881 ...... 2,881

 Agency for Healthcare Research and Quality ........................................................ 27 ...... 27 -88 ...... -88 103 ...... 103

 Total--Public Health Service ................................................................................ 4,221 2 4,220 41,206 17 41,189 40,133 17 40,116

 Centers for Medicare and Medicaid Services: 

 Grants to States for Medicaid ................................................................................ 17,660 ...... 17,660 169,139 ...... 169,139 159,340 ...... 159,340

 Payments to Health Care Trust Funds................................................................... 15,932 ...... 15,932 160,537 ...... 160,537 158,818 ...... 158,818

 State Children's Health Insurance Fund................................................................. 483 ...... 483 5,714 ...... 5,714 4,849 ...... 4,849

 Federal Hospital Insurance Trust Fund: 

 Benefit Payments................................................................................................. 20,088 ...... 20,088 184,742 ...... 184,742 170,296 ...... 170,296

 Administrative Expenses...................................................................................... 157 ...... 157 1,725 ...... 1,725 1,374 ...... 1,374

 Total--FHI Trust Fund ........................................................................................ 20,246 ...... 20,246 186,467 ...... 186,467 171,670 ...... 171,670

 Health Care Fraud and Abuse Control................................................................... 82 ...... 82 943 ...... 943 844 ...... 844

 Federal Supplementary Medical Insurance Trust Fund: 

 Benefit Payments................................................................................................. 16,788 ...... 16,788 153,513 ...... 153,513 148,753 ...... 148,753

 Administrative Expenses...................................................................................... 194 ...... 194 2,156 ...... 2,156 1,624 ...... 1,624

 Total--FSMI Trust Fund...................................................................................... 16,982 ...... 16,982 155,669 ...... 155,669 150,377 ...... 150,377

 Medicare Prescription Drugs: 

 Benefit Payments................................................................................................. 4,355 ...... 4,355 35,553 ...... 35,553 40,587 ...... 40,587

 Administrative Expenses...................................................................................... 42 ...... 42 310 ...... 310 913 ...... 913

 Other ..................................................................................................................... -83 ...... -83 366 ...... 366 1,185 ...... 1,185

 Total--Centers for Medicare and Medicaid Services ............................................ 75,699 ...... 75,699 714,697 ...... 714,697 688,584 ...... 688,584

 Administration for Children and Families: 

 Temporary Assistance for Needy Families............................................................. 1,141 ...... 1,141 14,975 ...... 14,975 14,300 ...... 14,300

 Payments to States for Child Support Enforcement 

 and Family Support Programs .............................................................................. 633 ...... 633 3,371 ...... 3,371 3,043 ...... 3,043

 Low Income Home Energy Assistance .................................................................. 115 ...... 115 2,480 ...... 2,480 2,341 ...... 2,341

 Refugee and Entrant Assistance............................................................................ 47 ...... 47 480 ...... 480 406 ...... 406

 Child Care Entitlement to States............................................................................ 247 ...... 247 2,411 ...... 2,411 2,472 ...... 2,472

 Payments to States for the Child Care 

 and Development Block Grant .............................................................................. 176 ...... 176 1,708 ...... 1,708 1,769 ...... 1,769

 Social Services Block Grant................................................................................... 151 ...... 151 1,610 ...... 1,610 1,698 ...... 1,698

 Children and Families Services Programs ............................................................. 650 ...... 650 7,598 ...... 7,598 7,352 ...... 7,352

 Payments to States for Foster Care and Adoption Assistance............................... 591 ...... 591 5,628 ...... 5,628 5,570 ...... 5,570

 Other ..................................................................................................................... 53 ...... 53 601 ...... 601 447 ...... 447

 Total--Administration for Children and Families ................................................... 3,803 ...... 3,803 40,862 ...... 40,862 39,400 ...... 39,400

 Administration on Aging........................................................................................... 129 ...... 129 1,203 ...... 1,203 1,125 ...... 1,125

 Departmental Management ..................................................................................... 181 ...... 181 2,242 ...... 2,242 2,075 (**) 2,075

 Other ....................................................................................................................... 17 ...... 17 458 ...... 458 509 ...... 509

 Proprietary Receipts from the Public........................................................................ ...... 5,895 -5,895 ...... 57,273 -57,273 ...... 53,047 -53,047

 Intrabudgetary Transactions: 

 Payments for Health Insurance for the Aged: 

 Federal Supplementary Medical Insurance Trust Fund........................................ -15,932 ...... -15,932 -149,188 ...... -149,188 -148,891 ...... -148,891

 Payments for Tax and Other Credits: 

 Federal Hospital Insurance Trust Fund................................................................ -1 ...... -1 -11,345 ...... -11,345 -9,933 ...... -9,933

 Other ..................................................................................................................... 137 ...... 137 -39 ...... -39 278 ...... 278

 Total--Department of Health and Human Services............................................ 68,253 5,897 62,356 640,096 57,290 582,805 613,279 53,064 560,215

Department of Homeland Security: 

 Departmental Management and Operations ............................................................ 2 ...... 2 588 ...... 588 604 ...... 604

 Citizenship and Immigration Services ...................................................................... 138 ...... 138 1,648 ...... 1,648 1,453 ...... 1,453

 United States Secret Service ................................................................................... 140 ...... 140 1,332 ...... 1,332 1,172 ...... 1,172

 Transportation Security Administration .................................................................... 345 ...... 345 3,801 ...... 3,801 3,082 ...... 3,082

 Immigration and Customs Enforcement................................................................... 379 ...... 379 3,612 ...... 3,612 3,045 ...... 3,045

 Customs and Border Protection............................................................................... 776 ...... 776 8,012 ...... 8,012 6,442 ...... 6,442

 United States Coast Guard...................................................................................... 706 1 705 7,281 8 7,272 6,672 8 6,664

 National Protection and Programs Directorate......................................................... 73 ...... 73 1,006 ...... 1,006 609 ...... 609

 Federal Emergency Management Administration: 

 State and Local Programs ..................................................................................... 159 ...... 159 1,830 ...... 1,830 2,381 ...... 2,381

 Firefighter Assistance Grants................................................................................. 38 ...... 38 599 ...... 599 491 ...... 491

 Disaster Relief ....................................................................................................... 628 ...... 628 6,199 ...... 6,199 8,458 ...... 8,458

 National Flood Insurance Fund.............................................................................. 77 161 -84 1,048 1,307 -259 1,233 957 277

 Other ..................................................................................................................... 135 ...... 135 974 ...... 974 731 ...... 731

 Total--Federal Emergency Management Administration ...................................... 1,036 161 874 10,650 1,307 9,343 13,295 957 12,339

 Science and Technology.......................................................................................... 52 ...... 52 773 ...... 773 908 ...... 908

 Domestic Nuclear Detection Office .......................................................................... 33 ...... 33 322 ...... 322 50 ...... 50

 Other ....................................................................................................................... 34 ...... 34 379 ...... 379 485 ...... 485

 Proprietary Receipts from the Public........................................................................ ...... -1 1 ...... -28 28 ...... 90 -90

 Intrabudgetary Transactions .................................................................................... 69 ...... 69 133 ...... 133 69 ...... 69

 Offsetting Governmental Receipts ........................................................................... ...... 420 -420 ...... 5,123 -5,123 ...... 4,316 -4,316

 Total--Department of Homeland Security .......................................................... 3,784 581 3,203 39,537 6,411 33,126 37,888 5,371 32,517
11

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Housing and Urban Development: 

 Public and Indian Housing Programs: 

 Tenant Based Rental Assistance........................................................................... 1,269 ...... 1,269 13,136 ...... 13,136 13,320 ...... 13,320

 Housing Certificate Fund ....................................................................................... 149 ...... 149 2,345 ...... 2,345 2,005 ...... 2,005

 Project-Based Rental Assistance........................................................................... 598 ...... 598 4,939 ...... 4,939 4,742 ...... 4,742

 Public Housing Capital Fund.................................................................................. 245 ...... 245 2,446 ...... 2,446 2,662 ...... 2,662

 Public Housing Operating Fund ............................................................................. 315 ...... 315 3,467 ...... 3,467 3,072 ...... 3,072

 Revitalization of Severely Distressed 

 Public Housing (Hope VI)...................................................................................... 50 ...... 50 407 ...... 407 449 ...... 449

 Native American Housing Block Grant................................................................... 55 ...... 55 483 ...... 483 481 ...... 481

 Other ..................................................................................................................... 1 ...... 1 -33 ...... -33 -21 (**) -21

 Total--Public and Indian Housing Programs......................................................... 2,683 ...... 2,683 27,190 ...... 27,190 26,711 (**) 26,711

 Community Planning and Development: 

 Housing Opportunities for Persons with AIDS........................................................ 30 ...... 30 256 ...... 256 215 ...... 215

 Community Development Fund.............................................................................. 699 ...... 699 7,580 ...... 7,580 8,821 ...... 8,821

 Home Investment Partnership Program................................................................. 161 ...... 161 1,658 ...... 1,658 1,582 ...... 1,582

 Homeless Assistance Grants................................................................................. 120 ...... 120 1,210 ...... 1,210 1,154 ...... 1,154

 Other ..................................................................................................................... 5 ...... 5 72 1 71 68 (**) 68

 Total--Community Planning and Development..................................................... 1,016 ...... 1,016 10,775 1 10,774 11,840 (**) 11,840

 Housing Programs: 

 Credit Accounts: 

 FHA-Mutual Mortgage Insurance Fund, Program Account................................... 5 ...... 5 4,587 ...... 4,587 1,378 ...... 1,378

 FHA-Mutual Mortgage Insurance Capital Reserve Account ................................. -86 ...... -86 -1,073 ...... -1,073 -1,473 ...... -1,473

 FHA-Mutual Mortgage and Cooperative Housing 

 Insurance Fund, Liquidating Account.................................................................. 3 1 2 42 10 32 58 49 9

 FHA-General and Special Risk Fund, Program Account...................................... 8 ...... 8 362 ...... 362 155 ...... 155

 FHA-General and Special Risk Fund, Liquidating Account .................................. 22 42 -20 159 241 -82 219 152 67

 Housing for the Elderly or Handicapped Fund, 

 Liquidating Account ............................................................................................ (**) 83 -83 (**) 847 -847 (**) 1,151 -1,152

 Housing for the Elderly........................................................................................... 84 ...... 84 839 ...... 839 811 ...... 811

 Housing for Persons with Disabilities ..................................................................... 69 ...... 69 702 ...... 702 688 ...... 688

 Other Assisted Housing Programs......................................................................... 5 ...... 5 48 ...... 48 49 (**) 49

 Other ..................................................................................................................... (**) (**) (**) 14 37 -23 5 21 -17

 Total--Housing Programs..................................................................................... 110 127 -17 5,681 1,134 4,546 1,889 1,373 516

 Government National Mortgage Association: 

 Guarantees of Mortgage-Backed Securities .......................................................... 4 125 -121 57 473 -416 48 388 -340

 Management and Administration ............................................................................. 132 ...... 132 1,333 ...... 1,333 1,313 ...... 1,313

 Other ....................................................................................................................... 21 ...... 21 206 ...... 206 192 ...... 192

 Proprietary Receipts from the Public: 

 FHA-General and Special Risk Fund ..................................................................... ...... 54 -54 ...... 1,397 -1,397 ...... 2,437 -2,437

 Other ..................................................................................................................... ...... 8 -8 ...... 34 -34 ...... 46 -46

 Intrabudgetary Transactions .................................................................................... 3 ...... 3 7 ...... 7 -12 ...... -12

 Offsetting Governmental Receipts ........................................................................... ...... (**) (**) ...... 71 -71 ...... 71 -71

 Total--Department of Housing and Urban Development................................... 3,968 315 3,654 45,249 3,110 42,139 41,981 4,316 37,666

Department of the Interior: 

 Land and Minerals Management: 

 Bureau of Land Management: 

 Management of Lands and Resources ................................................................ 76 ...... 76 696 ...... 696 673 ...... 673

 Other.................................................................................................................... 94 8 86 581 124 457 448 132 316

 Minerals Management Service............................................................................... 239 ...... 239 2,016 ...... 2,016 1,635 ...... 1,635

 Office of Surface Mining Reclamation and Enforcement........................................ 24 ...... 24 429 ...... 429 359 ...... 359

 Total--Land and Minerals Management ............................................................... 433 8 425 3,721 124 3,598 3,115 132 2,983

 Water and Science: 

 Bureau of Reclamation: 

 Water and Related Resources............................................................................. 67 ...... 67 522 ...... 522 611 ...... 611

 Other.................................................................................................................... 43 32 11 436 222 213 461 220 241

 United States Geological Survey ........................................................................... 71 ...... 71 814 ...... 814 784 ...... 784

 Other ..................................................................................................................... 3 ...... 3 51 ...... 51 45 ...... 45

 Total--Water and Science .................................................................................... 184 32 153 1,822 222 1,600 1,901 220 1,681

 Fish and Wildlife and Parks: 

 United States Fish and Wildlife Service ................................................................. 256 ...... 256 1,908 ...... 1,908 1,726 ...... 1,726

 National Park Service ............................................................................................ 278 ...... 278 2,282 ...... 2,282 2,115 ...... 2,115

 Total--Fish and Wildlife and Parks ....................................................................... 533 ...... 533 4,190 ...... 4,190 3,841 ...... 3,841

 Bureau of Indian Affairs And 

 Bureau of Indian Education..................................................................................... 293 (**) 293 2,147 1 2,147 1,963 5 1,958

 Departmental Offices: 

 Insular Affairs......................................................................................................... 17 ...... 17 245 ...... 245 280 ...... 280

 Office of the Special Trustee 

 for American Indians............................................................................................. 45 ...... 45 475 ...... 475 367 ...... 367

 Department-Wide Programs .................................................................................. 172 ...... 172 1,392 ...... 1,392 1,502 ...... 1,502

 Other ..................................................................................................................... 21 ...... 21 168 ...... 168 182 ...... 182

 Proprietary Receipts from the Public........................................................................ ...... 620 -620 ...... 5,052 -5,052 ...... 14,060 -4,060

 Intrabudgetary Transactions .................................................................................... -54 ...... -54 -324 ...... -324 -255 ...... -255

 Total--Department of the Interior........................................................................ 1,644 659 985 13,838 5,399 8,438 12,896 4,417 8,479
12

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Justice: 

 General Administration ............................................................................................ 111 ...... 111 1,558 ...... 1,558 1,545 ...... 1,545

 Legal Activities and United States Marshals: 

 General Legal Activities ......................................................................................... 35 ...... 35 619 ...... 619 595 ...... 595

 United States Attorneys ......................................................................................... 131 ...... 131 1,438 ...... 1,438 1,371 ...... 1,371

 United States Marshals Service............................................................................. 148 ...... 148 811 ...... 811 750 ...... 750

 Assets Forfeiture Fund........................................................................................... 208 ...... 208 1,113 ...... 1,113 838 ...... 838

 Other ..................................................................................................................... 36 ...... 36 415 ...... 415 329 ...... 329

 Federal Bureau of Investigation ............................................................................... 501 ...... 501 5,216 ...... 5,216 4,759 ...... 4,759

 Drug Enforcement Administration ............................................................................ 168 ...... 168 1,663 ...... 1,663 1,457 ...... 1,457

 Bureau of Alcohol, Tobacco, Firearms, and Explosives ........................................... 88 ...... 88 891 ...... 891 799 ...... 799

 Federal Prison System ............................................................................................ 531 28 503 4,914 270 4,644 4,634 257 4,377

 Office of Justice Programs: 

 State and Local Law Enforcement Assistance ....................................................... 61 ...... 61 1,263 ...... 1,263 1,035 ...... 1,035

 Crime Victims Fund ............................................................................................... 33 ...... 33 458 ...... 458 468 ...... 468

 Other ..................................................................................................................... 128 ...... 128 1,330 ...... 1,330 1,605 ...... 1,605

 Other ....................................................................................................................... 53 ...... 53 574 ...... 574 626 ...... 626

 Proprietary Receipts from the Public........................................................................ ...... -105 105 ...... 38 -38 ...... 34 -34

 Intrabudgetary Transactions .................................................................................... 6 ...... 6 606 ...... 606 -208 ...... -208

 Offsetting Governmental Receipts ........................................................................... ...... 38 -38 ...... 307 -307 ...... 266 -266

 Total--Department of Justice .............................................................................. 2,238 -40 2,278 22,870 615 22,255 20,601 558 20,043

Department of Labor: 

 Employment and Training Administration: 

 Training and Employment Services ....................................................................... 394 ...... 394 3,677 ...... 3,677 4,315 ...... 4,315

 Community Service Employment for Older Americans .......................................... 49 ...... 49 399 ...... 399 360 ...... 360

 Federal Unemployment Benefits and Allowances.................................................. 63 ...... 63 679 ...... 679 631 ...... 631

 State Unemployment Insurance and Employment 

 Service Operations ............................................................................................... -2 ...... -2 30 ...... 30 184 ...... 184

 Advances to the Unemployment Trust Fund And 

 Other Funds.......................................................................................................... ...... ...... ...... 41 ...... 41 16 ...... 16

 Program Administration ......................................................................................... 10 ...... 10 86 ...... 86 103 ...... 103

 Unemployment Trust Fund: 

 Federal-State Unemployment Insurance: 

 State Unemployment Benefits............................................................................ 3,885 ...... 3,885 33,112 ...... 33,112 27,558 ...... 27,558

 State Administrative Expenses ............................................................................ 267 ...... 267 2,900 ...... 2,900 2,735 ...... 2,735

 Federal Administrative Expenses......................................................................... 38 ...... 38 429 ...... 429 371 ...... 371

 Other.................................................................................................................... (**) ...... (**) 3 ...... 3 3 ...... 3

 Total--Unemployment Trust Fund ...................................................................... 4,191 ...... 4,191 36,444 ...... 36,444 30,667 ...... 30,667

 Other ..................................................................................................................... (**) ...... (**) 3 ...... 3 2 ...... 2

 Total--Employment and Training Administration .................................................. 4,705 ...... 4,705 41,360 ...... 41,360 36,279 ...... 36,279

 Pension Benefit Guaranty Corporation .................................................................... 387 -13 400 3,910 1,989 1,921 3,793 3,504 289

 Employment Standards Administration: 

 Salaries and Expenses .......................................................................................... 41 ...... 41 357 ...... 357 348 ...... 348

 Special Benefits..................................................................................................... 228 ...... 228 601 ...... 601 561 ...... 561

 Energy Employees Occupational 

 Illness Compensation Fund .................................................................................. 117 ...... 117 893 ...... 893 774 ...... 774

 Special Benefits for Disabled Coal Miners ............................................................. 21 ...... 21 222 ...... 222 244 ...... 244

 Black Lung Disability Trust Fund............................................................................ 30 ...... 30 275 ...... 275 290 ...... 290

 Other ..................................................................................................................... 23 ...... 23 261 ...... 261 276 ...... 276

 Occupational Safety and Health Administration ....................................................... 46 ...... 46 419 ...... 419 398 ...... 398

 Mine Safety and Health Administration .................................................................... 28 ...... 28 292 ...... 292 248 ...... 248

 Bureau of Labor Statistics........................................................................................ 40 ...... 40 397 ...... 397 392 ...... 392

 Departmental Management ..................................................................................... 71 ...... 71 935 ...... 935 412 ...... 412

 Other ....................................................................................................................... 16 ...... 16 120 ...... 120 112 ...... 112

 Proprietary Receipts from the Public........................................................................ ...... 3 -3 ...... 32 -32 ...... 23 -23

 Intrabudgetary Transactions .................................................................................... -19 ...... -19 -568 ...... -568 -597 ...... -597

 Total--Department of Labor................................................................................. 5,735 -10 5,745 49,471 2,021 47,450 43,529 3,527 40,002

Department of State: 

 Administration of Foreign Affairs: 

 Diplomatic and Consular Programs ....................................................................... 397 ...... 397 4,594 ...... 4,594 3,624 ...... 3,624

 Embassy Security, Construction, and Maintenance............................................... 114 ...... 114 910 ...... 910 665 ...... 665

 Payment to Foreign Service Retirement And 

 Disability Fund ...................................................................................................... 142 ...... 142 159 ...... 159 126 ...... 126

 Foreign Service Retirement and Disability Fund .................................................... 65 ...... 65 658 ...... 658 620 ...... 620

 Other ..................................................................................................................... 173 ...... 173 750 ...... 750 1,035 ...... 1,035

 Total--Administration of Foreign Affairs................................................................ 892 ...... 892 7,072 ...... 7,072 6,071 ...... 6,071

 International Organizations and Conferences .......................................................... 26 ...... 26 2,835 ...... 2,835 2,041 ...... 2,041

 Migration and Refugee Assistance .......................................................................... 147 ...... 147 935 ...... 935 747 ...... 747

 International Narcotics Control and Law Enforcement ............................................. 119 ...... 119 534 ...... 534 -66 ...... -66

 Andean Counterdrug Initiative ................................................................................. 70 ...... 70 619 ...... 619 563 ...... 563

 Other ....................................................................................................................... 231 ...... 231 2,447 ...... 2,447 1,720 ...... 1,720

 Proprietary Receipts from the Public........................................................................ ...... 29 -29 ...... -6 6 ...... -10 10

 Intrabudgetary Transactions .................................................................................... -173 ...... -173 -182 ...... -182 -181 ...... -181

 Total--Department of State.................................................................................. 1,313 29 1,284 14,261 -6 14,266 10,895 -10 10,906
13

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Transportation: 

 Office of the Secretary ............................................................................................. -7 ...... -7 135 ...... 135 217 ...... 217

 Federal Aviation Administration: 

 Operations............................................................................................................. 609 ...... 609 1,017 ...... 1,017 3,153 ...... 3,153

 Airport and Airway Trust Fund: 

 Grants-In-Aid for Airports..................................................................................... 370 ...... 370 3,124 ...... 3,124 3,133 ...... 3,133

 Facilities and Equipment...................................................................................... 221 ...... 221 2,010 ...... 2,010 1,820 ...... 1,820

 Research, Engineering, and Development........................................................... 14 ...... 14 95 ...... 95 108 ...... 108

 Trust Fund Share of FAA Operations................................................................... 250 ...... 250 6,149 ...... 6,149 3,595 ...... 3,595

 Total--Airport and Airway Trust Fund ................................................................. 855 ...... 855 11,378 ...... 11,378 8,656 ...... 8,656

 Other ..................................................................................................................... 13 24 -11 -33 134 -167 -55 143 -198

 Total--Federal Aviation Administration ................................................................. 1,476 24 1,452 12,362 134 12,228 11,754 143 11,610

 Federal Highway Administration: 

 Highway Trust Fund: 

 Federal-Aid Highways.......................................................................................... 3,803 ...... 3,803 28,232 ...... 28,232 26,556 ...... 26,556

 Other.................................................................................................................... 4 ...... 4 123 11 112 124 ...... 124

 Other Programs ..................................................................................................... 115 ...... 115 1,115 ...... 1,115 883 ...... 883

 Total--Federal Highway Administration ................................................................ 3,922 ...... 3,922 29,470 11 29,459 27,563 ...... 27,563

 Federal Motor Carrier Safety Administration............................................................ 47 ...... 47 422 ...... 422 382 ...... 382

 National Highway Traffic Safety Administration ....................................................... 65 ...... 65 594 ...... 594 527 ...... 527

 Federal Railroad Administration............................................................................... 304 (**) 304 1,444 4 1,439 1,373 5 1,368

 Federal Transit Administration: 

 Formula Grants...................................................................................................... 91 ...... 91 1,127 ...... 1,127 1,741 ...... 1,741

 Capital Investment Grants ..................................................................................... 153 ...... 153 1,954 ...... 1,954 1,904 ...... 1,904

 Formula and Bus Grants........................................................................................ 403 ...... 403 4,407 ...... 4,407 2,307 ...... 2,307

 Other ..................................................................................................................... 35 ...... 35 188 ...... 188 272 ...... 272

 Total--Federal Transit Administration................................................................... 681 ...... 681 7,676 ...... 7,676 6,224 ...... 6,224

 Maritime Administration ........................................................................................... 72 15 57 505 297 208 478 236 242

 Other ....................................................................................................................... 14 6 8 53 14 39 94 14 79

 Proprietary Receipts from the Public........................................................................ ...... 6 -6 ...... 216 -216 ...... 40 -40

 Intrabudgetary Transactions .................................................................................... -1 ...... -1 -27 ...... -27 -29 ...... -29

 Offsetting Governmental Receipts ........................................................................... ...... (**) (**) ...... 63 -63 ...... 59 -59

 Total--Department of Transportation.................................................................. 6,573 52 6,521 52,635 740 51,895 48,583 498 48,085

Department of the Treasury: 

 Departmental Offices: 

 Exchange Stabilization Fund ................................................................................. ...... 138 -138 ...... 1,012 -1,012 -457 704 -1,161

 Other ..................................................................................................................... 100 ...... 100 808 ...... 808 589 ...... 589

 Financial Management Service: 

 Payment to the Resolution Funding Corporation.................................................... 455 ...... 455 1,393 ...... 1,393 1,987 ...... 1,987

 Financial Agent Services ....................................................................................... 44 ...... 44 425 ...... 425 372 ...... 372

 Interest Paid to Credit Financing Accounts ............................................................ ...... ...... ...... 26 ...... 26 (**) ...... (**)

 Claims, Judgments, and Relief Acts ...................................................................... 106 ...... 106 713 ...... 713 1,028 ...... 1,028

 Other ..................................................................................................................... 31 ...... 31 767 ...... 767 846 (**) 846

 Total--Financial Management Service.................................................................. 636 ...... 636 3,325 ...... 3,325 4,233 (**) 4,233

 Federal Financing Bank........................................................................................... -34 ...... -34 -424 ...... -424 -314 ...... -314

 Alcohol and Tobacco Tax and Trade Bureau: 

 Salaries and Expenses .......................................................................................... 7 ...... 7 78 ...... 78 77 ...... 77

 Internal Revenue Collections for Puerto Rico ........................................................ 26 ...... 26 332 ...... 332 394 ...... 394

 Bureau of Engraving and Printing ............................................................................ 1 ...... 1 21 ...... 21 -20 ...... -20

 United States Mint ................................................................................................... 183 274 -91 1,782 1,951 -170 1,612 1,873 -261

 Bureau of the Public Debt........................................................................................ 44 ...... 44 233 ...... 233 238 ...... 238

 Internal Revenue Service: 

 Taxpayer Services................................................................................................. 179 ...... 179 1,979 ...... 1,979 2,012 ...... 2,012

 Enforcement .......................................................................................................... 368 ...... 368 3,995 ...... 3,995 3,932 ...... 3,932

 Central Fiscal Operations ...................................................................................... ...... ...... ...... (**) ...... (**) (**) ...... (**)

 Operations Support................................................................................................ 284 ...... 284 3,226 ...... 3,226 2,864 ...... 2,864

 Payment Where Earned Income Credit Exceeds Liability for Tax .......................... -55 ...... -55 40,471 ...... 40,471 38,104 ...... 38,104

 Payment Where Recovery Rebate Exceeds Liability for Tax ................................. 253 ...... 253 14,731 ...... 14,731 ...... ...... ......

 Payment Where Child Credit Exceeds Liability for Tax.......................................... 390 ...... 390 33,489 ...... 33,489 15,835 ...... 15,835

 Refunding Internal Revenue Collections, 

 Interest.................................................................................................................. 128 ...... 128 4,007 ...... 4,007 2,748 ...... 2,748

 Other ..................................................................................................................... 50 1 49 356 5 350 341 8 333

 Total--Internal Revenue Service .......................................................................... 1,597 1 1,596 102,253 5 102,248 65,835 8 65,828

 Comptroller of the Currency..................................................................................... 51 -1 51 552 370 183 506 356 150

 Office of Thrift Supervision....................................................................................... 14 126 -112 165 237 -72 156 206 -50

 Interest on the Public Debt: 

 Interest on Treasury Debt Securities (Gross): 

 Public Issues (Accrual Basis)............................................................................... 21,230 ...... 21,230 197,009 ...... 197,009 196,369 ...... 196,369

 Special Issues (Cash Basis) ................................................................................ 2,838 ...... 2,838 204,325 ...... 204,325 188,734 ...... 188,734

 Total--Interest on Treasury Debt Securities (Gross)........................................... 24,068 ...... 24,068 401,334 ...... 401,334 385,103 ...... 385,103

 Total--Interest on the Public Debt .................................................................... 24,068 ...... 24,068 401,334 ...... 401,334 385,103 ...... 385,103

 Other ....................................................................................................................... 6 ...... 6 69 ...... 69 66 ...... 66

 Proprietary Receipts from the Public........................................................................ ...... -138 138 ...... 1,319 -1,319 ...... 1,892 -1,892

 Intrabudgetary Transactions .................................................................................... -230 ...... -230 -2,667 ...... -2,667 -3,043 ...... -3,043

 Total--Department of the Treasury ..................................................................... 26,469 401 26,068 507,860 4,895 502,964 454,976 5,039 449,937
14

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Department of Veterans Affairs: 

 Veterans Health Administration: 

 Medical Care ......................................................................................................... 2,918 ...... 2,918 28,487 ...... 28,487 24,639 ...... 24,639

 Medical Administration........................................................................................... 288 ...... 288 3,021 ...... 3,021 3,042 ...... 3,042

 Other ..................................................................................................................... 67 26 41 681 252 430 646 235 411

 Benefit Programs: 

 Public Enterprise Funds: 

 Veterans Housing Benefit Program Fund............................................................. 33 2 31 906 28 878 65 37 28

 Compensation and Pensions ................................................................................. 3,453 ...... 3,453 33,300 ...... 33,300 28,118 ...... 28,118

 Readjustment Benefits........................................................................................... 215 ...... 215 2,774 ...... 2,774 2,603 ...... 2,603

 Insurance Funds: 

 National Service Life............................................................................................ 95 ...... 95 968 ...... 968 960 ...... 960

 Veterans Special Life........................................................................................... 12 2 10 117 154 -37 110 157 -48

 Other ..................................................................................................................... 1 ...... 1 37 ...... 37 41 ...... 41

 Total--Benefit Programs....................................................................................... 3,810 4 3,806 38,103 182 37,920 31,897 194 31,703

 Departmental Administration.................................................................................... 572 75 497 5,292 1,138 4,154 4,587 1,168 3,419

 Proprietary Receipts from the Public: 

 National Service Life.............................................................................................. ...... 13 -13 ...... 114 -114 ...... 119 -119

 Other ..................................................................................................................... ...... 268 -268 ...... 3,627 -3,627 ...... 3,081 -3,081

 Intrabudgetary Transactions .................................................................................... -6 ...... -6 -8 ...... -8 -5 ...... -5

 Total--Department of Veterans Affairs ............................................................... 7,647 386 7,261 75,576 5,313 70,263 64,806 4,797 60,009

Corps of Engineers: 

 Construction ............................................................................................................ 58 ...... 58 1,156 ...... 1,156 1,276 ...... 1,276

 Operation and Maintenance..................................................................................... 149 ...... 149 1,117 ...... 1,117 1,175 ...... 1,175

 Flood Control and Coastal Emergencies ................................................................. 75 ...... 75 528 ...... 528 -919 ...... -919

 Harbor Maintenance Trust Fund .............................................................................. 64 ...... 64 638 ...... 638 618 ...... 618

 Rivers and Harbors Contributed Funds.................................................................... 24 ...... 24 233 ...... 233 288 ...... 288

 Other ....................................................................................................................... 152 ...... 152 951 ...... 951 925 ...... 925

 Proprietary Receipts from the Public........................................................................ ...... 38 -38 ...... 525 -525 ...... 449 -449

 Intrabudgetary Transactions .................................................................................... (**) ...... (**) -10 ...... -10 -10 ...... -10

 Total--Corps of Engineers................................................................................... 521 38 483 4,614 525 4,090 3,353 449 2,904

Other Defense Civil Programs: 

 Military Retirement: 

 Payment to Military Retirement Fund..................................................................... ...... ...... ...... 46,187 ...... 46,187 26,048 ...... 26,048

 Military Retirement Fund........................................................................................ 3,890 ...... 3,890 38,075 ...... 38,075 36,128 ...... 36,128

 Retiree Health Care: 

 Payment to Department of Defense 

 Medicare-Eligible Retiree Health Care Fund......................................................... ...... ...... ...... 12,930 ...... 12,930 15,608 ...... 15,608

 Department of Defense Medicare-Eligible 

 Retiree Health Care Fund..................................................................................... 901 ...... 901 6,871 ...... 6,871 6,649 ...... 6,649

 Educational Benefits................................................................................................ 15 ...... 15 355 ...... 355 379 ...... 379

 Other ....................................................................................................................... 21 ...... 21 186 ...... 186 145 ...... 145

 Proprietary Receipts from the Public........................................................................ ...... 1 -1 ...... 12 -12 ...... 13 -13

 Intrabudgetary Transactions .................................................................................... -878 ...... -878 -65,757 ...... -65,757 -45,553 ...... -45,553

 Total--Other Defense Civil Programs ................................................................. 3,949 1 3,948 38,848 12 38,835 39,404 13 39,390

Environmental Protection Agency: 

 Science and Technology.......................................................................................... 83 ...... 83 659 ...... 659 656 ...... 656

 Environmental Programs and Management............................................................. 231 ...... 231 1,954 ...... 1,954 1,917 ...... 1,917

 State and Tribal Assistance Grants.......................................................................... 293 ...... 293 3,118 ...... 3,118 3,244 ...... 3,244

 Payment to the Hazardous Substance Superfund ................................................... ...... ...... ...... 985 ...... 985 1,040 ...... 1,040

 Hazardous Substance Superfund ............................................................................ -50 ...... -50 773 ...... 773 1,060 ...... 1,060

 Other ....................................................................................................................... 29 (**) 29 141 22 119 147 22 126

 Proprietary Receipts from the Public........................................................................ ...... 23 -23 ...... 76 -76 ...... 231 -231

 Intrabudgetary Transactions .................................................................................... 9 ...... 9 -964 ...... -964 -998 ...... -998

 Offsetting Governmental Receipts ........................................................................... ...... 2 -2 ...... 20 -20 ...... 20 -20

 Total--Environmental Protection Agency........................................................... 595 25 570 6,665 119 6,546 7,067 273 6,795

Executive Office of the President: 

 The White House..................................................................................................... 12 ...... 12 145 ...... 145 131 ...... 131

 Office of Management and Budget .......................................................................... 7 ...... 7 65 ...... 65 63 ...... 63

 Unanticipated Needs: 

 Iraq Relief and Reconstruction Fund...................................................................... 55 ...... 55 749 ...... 749 2,333 ...... 2,333

 Other ..................................................................................................................... ...... ...... ...... ...... ...... ...... 58 ...... 58

 Other ....................................................................................................................... 8 ...... 8 72 ...... 72 66 ...... 66

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... 1 -1 ...... 1 -1

 Intrabudgetary Transactions .................................................................................... ...... ...... ...... -2 ...... -2 (**) ...... (**)

 Total--Executive Office of the President ............................................................ 82 (**) 82 1,030 1 1,030 2,652 1 2,651

General Services Administration: 

 Real Property Activities............................................................................................ 24 ...... 24 191 ...... 191 89 ...... 89

 Supply and Technology Activities ............................................................................ -51 ...... -51 110 ...... 110 32 ...... 32

 General Activities..................................................................................................... 21 ...... 21 188 ...... 188 216 ...... 216

 Proprietary Receipts from the Public........................................................................ ...... -6 6 ...... 17 -17 ...... 107 -107

 Intrabudgetary Transactions .................................................................................... -3 ...... -3 2 ...... 2 -7 ...... -7

 Total--General Services Administration............................................................. -9 -6 -4 490 17 473 330 107 224
15

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

International Assistance Program: 

 International Security Assistance: 

 Foreign Military Financing Program ....................................................................... 84 ...... 84 4,377 ...... 4,377 4,264 ...... 4,264

 Economic Support Fund ........................................................................................ 346 ...... 346 3,366 ...... 3,366 2,677 ...... 2,677

 Other ..................................................................................................................... 119 15 104 785 199 587 565 304 261

 Proprietary Receipts from the Public...................................................................... ...... ...... ...... ...... ...... ...... ...... 26 -26

 Total--International Security Assistance............................................................... 549 15 534 8,528 199 8,329 7,506 330 7,176

 Multilateral Assistance: 

 Contribution to the International Development 

 Association ........................................................................................................... ...... ...... ...... 950 ...... 950 1,435 ...... 1,435

 Other ..................................................................................................................... 83 ...... 83 638 ...... 638 457 ...... 457

 Total--Multilateral Assistance............................................................................... 83 ...... 83 1,588 ...... 1,588 1,892 ...... 1,892

 International Development Assistance: 

 Agency for International Development: 

 Sustainable Development Assistance Program ................................................... 121 ...... 121 1,098 ...... 1,098 1,158 ...... 1,158

 Child Survival and Disease Programs.................................................................. 116 ...... 116 1,468 ...... 1,468 1,296 ...... 1,296

 Operating Expenses ............................................................................................ 55 ...... 55 596 ...... 596 507 ...... 507

 Other.................................................................................................................... 205 98 107 966 620 346 1,034 554 480

 Proprietary Receipts from the Public.................................................................... ...... (**) (**) ...... 5 -5 ...... -1 1

 Intrabudgetary Transactions ................................................................................ -17 ...... -17 41 ...... 41 12 ...... 12

 Total--Agency for International Development..................................................... 480 99 381 4,169 625 3,544 4,007 553 3,454

 Overseas Private Investment Corporation: 

 Overseas Private Investment Corporation Account.............................................. 6 7 -1 128 193 -65 174 212 -38

 Proprietary Receipts from the Public.................................................................... ...... (**) (**) ...... 543 -543 ...... 312 -312

 Total--Overseas Private Investment Corporation ............................................... 6 8 -2 128 736 -608 174 524 -351

 Peace Corps.......................................................................................................... 29 (**) 29 282 (**) 282 269 (**) 269

 Other ..................................................................................................................... 7 ...... 7 75 (**) 75 79 ...... 79

 Total--International Development Assistance....................................................... 522 107 415 4,654 1,361 3,293 4,529 1,078 3,451

 International Monetary Programs............................................................................. 38 ...... 38 -177 ...... -177 -185 ...... -185

 Military Sales Programs: 

 Foreign Military Sales Trust Fund .......................................................................... 1,458 ...... 1,458 13,767 ...... 13,767 11,540 ...... 11,540

 Proprietary Receipts from the Public...................................................................... ...... 1,327 -1,327 ...... 18,648 -18,648 ...... 12,866 -12,866

 Other ....................................................................................................................... 42 (**) 42 428 2 427 271 2 269

 Total--International Assistance Program........................................................... 2,692 1,448 1,244 28,788 20,209 8,579 25,553 14,275 11,278

National Aeronautics and Space Administration: 

 Science, Aeronautics, and Exploration .................................................................... 1,043 ...... 1,043 9,139 ...... 9,139 7,291 ...... 7,291

 Space Operations.................................................................................................... 504 ...... 504 5,329 ...... 5,329 5,157 ...... 5,157

 Other ....................................................................................................................... 8 ...... 8 52 ...... 52 150 ...... 150

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... 4 -4 ...... 14 -14

 Intrabudgetary Transactions .................................................................................... -4 ...... -4 -1 ...... -1 26 ...... 26

 Total--National Aeronautics and Space 

 Administration .................................................................................................... 1,551 (**) 1,550 14,520 4 14,516 12,624 14 12,610

National Science Foundation: 

 Research and Related Activities .............................................................................. 601 ...... 601 3,577 ...... 3,577 3,174 ...... 3,174

 Education and Human Resources ........................................................................... 28 ...... 28 659 ...... 659 851 ...... 851

 Other ....................................................................................................................... 29 ...... 29 432 ...... 432 390 ...... 390

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... 1 -1 ...... 1 -1

 Total--National Science Foundation................................................................... 659 (**) 658 4,669 1 4,668 4,415 1 4,413

Office of Personnel Management: 

 Government Payment for Annuitants, Employees 

 Health and Life Insurance Benefits ......................................................................... 741 ...... 741 7,277 ...... 7,277 7,161 ...... 7,161

 Civil Service Retirement and Disability Fund ........................................................... 5,467 ...... 5,467 53,020 ...... 53,020 67,888 ...... 67,888

 Employees Life Insurance Fund .............................................................................. 232 262 -29 2,080 3,344 -1,264 2,003 3,411 -1,408

 Employees and Retired Employees Health Benefits Fund....................................... 2,991 3,122 -131 29,440 29,492 -52 27,691 28,928 -1,237

 Other ....................................................................................................................... -4 ...... -4 42 ...... 42 92 ...... 92

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... 2 -2 ...... 12 -12

 Intrabudgetary Transactions: 

 Postal Service Contributions................................................................................ ...... ...... ...... -1,202 ...... -1,202 -20,091 ...... -20,091

 Civil Service Retirement and Disability Fund: 

 Other.................................................................................................................... -4 ...... -4 -32 ...... -32 -31 ...... -31

 Total--Office of Personnel Management ............................................................ 9,423 3,384 6,039 90,625 32,839 57,787 84,714 32,351 52,362

Small Business Administration: 

 Public Enterprise Funds: 

 Business Loan Fund .............................................................................................. 1 4 -3 499 24 475 542 20 521

 Disaster Loan Fund ............................................................................................... 11 (**) 11 170 3 167 1,144 4 1,140

 Other ..................................................................................................................... (**) 1 -1 4 5 -1 5 7 -2

 Other ....................................................................................................................... 55 ...... 55 464 ...... 464 111 (**) 111

 Proprietary Receipts from the Public........................................................................ ...... (**) (**) ...... 743 -743 ...... 774 -774

 Intrabudgetary Transactions .................................................................................... ...... ...... ...... (**) ...... (**) (**) ...... (**)

 Total--Small Business Administration ............................................................... 68 5 63 1,137 774 363 1,802 804 997
16

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Social Security Administration: 

 Payments to Social Security Trust Funds ................................................................ 4,112 ...... 4,112 17,801 ...... 17,801 19,299 ...... 19,299

 Supplemental Security Income Program.................................................................. 3,607 ...... 3,607 36,154 ...... 36,154 31,154 ...... 31,154

 Federal Old-Age and Survivors Insurance Trust Fund 

 (Off-Budget): 

 Benefit Payments................................................................................................... 42,808 ...... 42,808 417,491 ...... 417,491 397,935 ...... 397,935

 Administrative Expenses........................................................................................ -50 ...... -50 2,763 ...... 2,763 2,585 ...... 2,585

 Payment to Railroad Retirement Account .............................................................. ...... ...... ...... 3,632 ...... 3,632 3,575 ...... 3,575

 Total--FOASI Trust Fund ..................................................................................... 42,758 ...... 42,758 423,885 ...... 423,885 404,094 ...... 404,094

 Federal Disability Insurance Trust Fund 

 (Off-Budget): 

 Benefit Payments................................................................................................... 8,775 ...... 8,775 86,777 ...... 86,777 80,661 ...... 80,661

 Administrative Expenses........................................................................................ 199 ...... 199 2,053 ...... 2,053 1,938 ...... 1,938

 Payment to Railroad Retirement Account .............................................................. ...... ...... ...... 418 ...... 418 445 ...... 445

 Total--FDI Trust Fund .......................................................................................... 8,975 ...... 8,975 89,247 ...... 89,247 83,044 ...... 83,044

 Other ....................................................................................................................... 17 ...... 17 163 ...... 163 124 ...... 124

 Proprietary Receipts from the Public: 

 On-Budget ............................................................................................................. ...... 208 -208 ...... 2,516 -2,516 ...... 2,287 -2,287

 Off-Budget ............................................................................................................. ...... 11 -11 ...... 97 -97 ...... 67 -67

 Intrabudgetary Transactions: 

 Off-Budget2 ............................................................................................................ -4,112 ...... -4,112 -17,791 ...... -17,791 -19,297 ...... -19,297

 Total--Social Security Administration .............................................................. 55,356 219 55,137 549,459 2,613 546,847 518,417 2,353 516,064

Other Independent Agencies: 

 Broadcasting Board of Governors............................................................................ 77 ...... 77 604 1 603 550 (**) 550

 Corporation for National and Community Service .................................................... 70 ...... 70 728 ...... 728 743 ...... 743

 Corporation for Public Broadcasting ........................................................................ ...... ...... ...... 448 ...... 448 464 ...... 464

 District of Columbia: 

 Courts.................................................................................................................... 23 ...... 23 218 ...... 218 190 (**) 190

 General and Special Payments.............................................................................. 43 ...... 43 411 (**) 411 414 (**) 414

 Other ..................................................................................................................... ...... ...... ...... 13 ...... 13 ...... ...... ......

 Equal Employment Opportunity Commission........................................................... 24 1 23 267 4 263 266 4 262

 Export-Import Bank of the United States.................................................................. 5 21 -16 522 1,094 -572 441 1,815 -1,373

 Federal Communications Commission: 

 Universal Service Fund.......................................................................................... 625 ...... 625 6,511 ...... 6,511 6,180 ...... 6,180

 Spectrum Auction Program Account ...................................................................... (**) ...... (**) 5 ...... 5 30 ...... 30

 Other ..................................................................................................................... (**) 6 -6 62 19 42 26 23 3

 Federal Deposit Insurance Corporation: 

 Deposit Insurance Fund......................................................................................... 14,089 ...... 14,089 13,777 ...... 13,777 -719 ...... -719

 FSLIC Resolution Fund.......................................................................................... 77 9 68 580 164 416 438 198 240

 Total--Federal Deposit Insurance Corporation ..................................................... 14,166 9 14,157 14,357 164 14,193 -281 198 -480

 Federal Drug Control Programs............................................................................... 30 ...... 30 251 ...... 251 327 ...... 327

 Intelligence Community Management Account ........................................................ 128 ...... 128 285 ...... 285 664 ...... 664

 Legal Services Corporation...................................................................................... 30 ...... 30 295 ...... 295 289 ...... 289

 National Archives and Records Administration ........................................................ 31 3 28 313 18 294 294 29 264

 National Credit Union Administration ....................................................................... 127 21 106 627 779 -152 272 631 -358

 National Endowment for the Arts ............................................................................. 8 (**) 8 105 1 104 101 (**) 101

 National Endowment for the Humanities.................................................................. 10 ...... 10 113 ...... 113 111 ...... 111

 Institute of Museum and Library Services ................................................................ 25 ...... 25 206 ...... 206 204 ...... 204

 National Labor Relations Board ............................................................................... 19 (**) 19 211 (**) 211 212 (**) 211

 Nuclear Regulatory Commission.............................................................................. 74 14 60 721 563 158 626 482 144

 Postal Service: 

 Public Enterprise Funds (Off-Budget) .................................................................... 5,715 6,080 -365 61,208 64,482 -3,274 63,852 63,580 273

 Payments to the Postal Service Fund .................................................................... ...... ...... ...... 109 ...... 109 114 ...... 114
17

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Other Independent Agencies:—Continued

 Railroad Retirement Board: 

 Federal Windfall Subsidy ....................................................................................... 6 ...... 6 65 ...... 65 73 ...... 73

 Federal Payments to the Railroad Retirement Accounts........................................ 28 ...... 28 359 ...... 359 460 ...... 460

 Railroad Unemployment Insurance Trust Fund: 

 Benefit Payments................................................................................................. 5 ...... 5 70 ...... 70 61 ...... 61

 Transfer to Administrative Funds ......................................................................... 1 ...... 1 14 ...... 14 ...... ...... ......

 Rail Industry Pension Fund: 

 Benefit Payments................................................................................................. 246 ...... 246 3,323 ...... 3,323 3,325 ...... 3,325

 Advances from FOASDI Fund.............................................................................. -104 ...... -104 -1,039 ...... -1,039 -1,024 ...... -1,024

 OASDI Certifications............................................................................................ 104 ...... 104 1,039 ...... 1,039 1,024 ...... 1,024

 Administrative Expenses...................................................................................... (**) ...... (**) -1 ...... -1 83 ...... 83

 Transfer to Administrative Funds ......................................................................... 5 ...... 5 53 ...... 53 ...... ...... ......

 Other.................................................................................................................... (**) ...... (**) 1 ...... 1 6 ...... 6

 National Railroad Retirement Investment Trust: 

 Administrative Expenses...................................................................................... 4 ...... 4 57 ...... 57 46 ...... 46

 Transfers to the Railroad Retirement Trust Funds From 

 the National Railroad Retirement Investment Trust............................................. 40 ...... 40 1,012 ...... 1,012 1,220 ...... 1,220

 Railroad Social Security Equivalent Benefit Account: 

 Benefit Payments................................................................................................. 589 ...... 589 5,142 ...... 5,142 4,935 ...... 4,935

 Transfer to Administrative Funds ......................................................................... 2 ...... 2 27 ...... 27 ...... ...... ......

 Other ..................................................................................................................... (**) ...... (**) (**) ...... (**) ...... ...... ......

 Proprietary Receipts from the Public...................................................................... ...... -1,729 1,729 ...... -1,350 1,350 ...... 4,477 -4,477

 Intrabudgetary Transactions: 

 Payments from Other Funds to the Railroad 

 Retirement Trust Funds ...................................................................................... ...... ...... ...... -4,050 ...... -4,050 -4,020 ...... -4,020

 Other.................................................................................................................... -68 ...... -68 -1,371 ...... -1,371 -1,680 ...... -1,680

 Total--Railroad Retirement Board ...................................................................... 859 -1,729 2,589 4,702 -1,350 6,052 4,509 4,477 32

 Securities and Exchange Commission..................................................................... 55 ...... 55 225 ...... 225 -12 ...... -12

 Smithsonian Institution............................................................................................. 83 19 64 661 (**) 661 639 -19 658

 Tennessee Valley Authority ..................................................................................... 2,059 2,112 -53 22,038 21,606 431 15,828 15,866 -38

 Other ....................................................................................................................... 146 13 133 1,728 453 1,275 1,466 498 968

 Total--Other Independent Agencies ................................................................... 24,435 6,570 17,865 117,942 87,834 30,108 98,520 87,585 10,935

Undistributed Offsetting Receipts: 

 Other Interest........................................................................................................... ...... 1 -1 ...... 10 -10 ...... 1 -1

 Employer Share, Employee Retirement: 

 Department of Health and Human Services: 

 Federal Hospital Insurance Trust Fund: 

 Federal Employer Contributions......................................................................... -252 ...... -252 -2,427 ...... -2,427 -2,354 ...... -2,354

 Postal Service Employer Contributions.............................................................. -64 ...... -64 -640 ...... -640 -580 ...... -580

 Department of State: 

 Foreign Service Retirement and Disability Fund .................................................. -25 ...... -25 -183 ...... -183 -168 ...... -168

 Other Defense Civil Programs: 

 Military Retirement Fund...................................................................................... -1,215 ...... -1,215 -16,124 ...... -16,124 -14,461 ...... -14,461

 Department of Defense Medicare-Eligible 

 Retiree Health Care Fund ................................................................................... ...... ...... ...... -11,496 ...... -11,496 -11,547 ...... -11,547

 Office of Personnel Management: 

 Civil Service Retirement and Disability Fund ....................................................... -1,840 ...... -1,840 -15,574 ...... -15,574 -14,551 ...... -14,551

 Social Security Administration (Off-Budget): 

 Federal Old-Age and Survivors Insurance Trust Fund: 

 Federal Employer Contributions......................................................................... -973 ...... -973 -9,241 ...... -9,241 -8,693 ...... -8,693

 Federal Disability Insurance Trust Fund: 

 Federal Employer Contributions......................................................................... -166 ...... -166 -1,569 ...... -1,569 -1,476 ...... -1,476

 Payments for Military Service Credits ................................................................ ...... ...... ...... -8 ...... -8 ...... ...... ......

 Other ..................................................................................................................... -2 ...... -2 -2 ...... -2 -2 ...... -2

 Total--Employer Share, Employee Retirement..................................................... -4,537 ...... -4,537 -57,264 ...... -57,264 -53,832 ...... -53,832
18

Table 5. Outlays of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

This Month Current Fiscal Year to Date Prior Fiscal Year to Date 

Classification Gross 

Outlays

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays Gross Outlays 

Applicable 

Receipts Outlays 

 

Undistributed Offsetting Receipts:—Continued

 Interest Received by Trust Funds: 

 Judicial Branch: 

 Judicial Survivors Annuity Fund........................................................................... -1 ...... -1 -12 ...... -12 -19 ...... -19

 Department of Health and Human Services: 

 Federal Hospital Insurance Trust Fund................................................................ 849 ...... 849 -15,838 ...... -15,838 -16,101 ...... -16,101

 Federal Supplementary Medical Insurance Trust Fund........................................ -830 ...... -830 -3,095 ...... -3,095 -1,928 ...... -1,928

 Department of Homeland Security: 

 Oil Spill Liability Trust Fund ................................................................................. (**) ...... (**) 5 ...... 5 -19 ...... -19

 Other.................................................................................................................... -5 ...... -5 -70 ...... -70 -62 ...... -62

 Department of Labor: 

 Unemployment Trust Fund .................................................................................. -5 ...... -5 -3,594 ...... -3,594 -3,161 ...... -3,161

 Department of State: 

 Foreign Service Retirement and Disability Fund .................................................. (**) ...... (**) -781 ...... -781 -772 ...... -772

 Department of Transportation: 

 Airport and Airway Trust Fund ............................................................................. -2 ...... -2 -430 ...... -430 -429 ...... -429

 Department of Veterans Affairs: 

 National Service Life Insurance Fund .................................................................. (**) ...... (**) -553 ...... -553 -589 ...... -589

 United States Government Life Insurance Fund .................................................. (**) ...... (**) -2 ...... -2 -2 ...... -2

 Corps of Engineers ................................................................................................ -17 ...... -17 -91 ...... -91 -116 ...... -116

 Other Defense Civil Programs: 

 Military Retirement Fund...................................................................................... -1,488 ...... -1,488 -11,977 ...... -11,977 -9,238 ...... -9,238

 Educational Benefits Fund................................................................................... -15 ...... -15 -61 ...... -61 -46 ...... -46

 Armed Forces Retirement Home ......................................................................... -2 ...... -2 -7 ...... -7 -7 ...... -7

 Environmental Protection Agency.......................................................................... -1 ...... -1 -130 ...... -130 -155 ...... -155

 Office of Personnel Management: 

 Civil Service Retirement and Disability Fund ....................................................... -1 ...... -1 -37,183 ...... -37,183 -37,206 ...... -37,206

 Social Security Administration (Off-Budget): 

 Federal Old-Age and Survivors Insurance Trust Fund ......................................... -19 ...... -19 -102,625 ...... -102,625 -95,180 ...... -95,180

 Federal Disability Insurance Trust Fund............................................................... -5 ...... -5 -10,968 ...... -10,968 -10,638 ...... -10,638

 Independent Agencies: 

 Railroad Retirement Board .................................................................................. -3 ...... -3 -54 ...... -54 -53 ...... -53

 Other.................................................................................................................... -2 ...... -2 -23 ...... -23 -30 ...... -30

 Other ..................................................................................................................... -12 ...... -12 96 ...... 96 -97 ...... -97

 Total--Interest Received by Trust Funds.............................................................. -1,560 ...... -1,560 -187,393 ...... -187,393 -175,849 ...... -175,849

 Digital Television Transition and Public Safety Fund ............................................... ...... ...... ...... ...... 18,957 -18,957 ...... ...... ......

 Rents and Royalties on the Outer Continental Shelf Lands ..................................... ...... 2,093 -2,093 ...... 16,037 -16,037 ...... 6,037 -6,037

 Spectrum Auction Proceeds .................................................................................... ...... ...... ...... ...... (**) (**) ...... 6,850 -6,850

 Spectrum Relocation Activities ................................................................................ ...... ...... ...... ...... (**) (**) ...... 6,850 -6,850

 Total--Undistributed Offsetting Receipts ........................................................... -6,098 2,094 -8,192 -244,657 35,004 -279,661 -229,681 19,737 -249,418

 Total Outlays.......................................................................................................... 288,523 25,262 263,261 2,761,691 295,852 2,465,838 2,541,095 267,902 2,273,193

 Total On-Budget................................................................................................... 236,351 19,171 217,179 2,329,551 231,274 2,098,278 2,125,388 204,256 1,921,132

 Total Off-Budget .................................................................................................. 52,172 6,091 46,082 432,139 64,579 367,561 415,707 63,646 352,061

 Total Surplus (+) or Deficit.................................................................................... -102,767 -371,441 -157,420

 Total On-Budget................................................................................................... -107,129 -557,275 -337,046

 Total Off-Budget .................................................................................................. +4,362 +185,834 +179,627

MEMORANDUM 

 Receipts Offset Against Outlays 

(In Millions) 

Current 

Fiscal Year to 

Date 

Comparable 

Period Prior 

Fiscal Year 

 Proprietary Receipts...................................................................... 118,174 108,821 

 Receipts from Off-Budget Federal Entities .................................... ...... ...... 

 Intrabudgetary Transactions.......................................................... 502,323 485,947 

 Governmental Receipts................................................................. 25,113 12,071 

 Total Receipts Offset Against Outlays ...................................... 645,611 606,839 

 1Outlays for the Department of Agriculture have decreased and outlays for the 

Department of Interior, Minerals Management Service have been correspondingly 

increased by $9,290 million to reflect additional reporting by Department of Interior in 

September 2007. 

 2Includes FICA and SECA tax credits, non-contributory military service credits, special 

benefits for the aged, and credit for the unnegotiated OASI benefit checks. 

 Note: Details may not add to totals due to rounding. 

 ...No Transactions. 

 (**) Less than $500,000. 
19

This Page Left Blank Intentionally 
20

Table 6. Means of Financing the Deficit or Disposition of Surplus by the U.S. Government, July 2008 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of either 

liability or asset accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Assets and Liabilities 

Directly Related to 

Budget Off-budget Activity This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Liability Accounts: 

 Borrowing from the Public: 

 Treasury Securities, Issued Under General 

 Financing Authorities: 

 Debt Held by the Public .................................................................................................... 118,318 354,076 160,596 5,049,305 5,285,064 5,403,382

 Intragovernmental Holdings .............................................................................................. -24,845 223,750 264,868 3,958,348 4,206,942 4,182,098

 Total Treasury Securities Outstanding............................................................................ 93,474 577,826 425,464 9,007,653 9,492,006 9,585,480

 Plus Premium on Treasury Securities........................................................................... -37 389 -200 4,145 4,571 4,534

 Less Discount on Treasury Securities........................................................................... 1,661 -20,258 1,227 86,223 64,304 65,965

 Total Treasury Securities Net of 

 Premium and Discount............................................................................................... 91,775 598,473 424,037 8,925,575 9,432,273 9,524,048

 Agency Securities, Issued Under Special Financing 

 Authorities (See Schedule B. for Other Agency 

 Borrowing, See Schedule C)............................................................................................. -183 384 -105 22,959 23,527 23,344

 Total Federal Securities.................................................................................................... 91,592 598,858 423,932 8,948,534 9,455,799 9,547,392

 Deduct: 

 Federal Securities Held as Investments 

 of Government Accounts (See Schedule D) ................................................................ -24,723 223,847 264,967 3,958,417 4,206,987 4,182,264

 Less Discount on Federal Securities Held as 

 Investments of Government Accounts ....................................................................... 276 -17,188 2,312 42,796 25,332 25,608

 Net Federal Securities Held As Investments 

 of Government Accounts.......................................................................................... -24,999 241,035 262,655 3,915,621 4,181,655 4,156,656

 Total Borrowing from the Public .............................................................................. 116,591 357,823 161,277 5,032,913 5,274,145 5,390,736

 Accrued Interest Payable to the Public ................................................................................. 3,764 3,489 7,920 44,390 44,116 47,879

 Allocations of Special Drawing Rights................................................................................... -62 315 269 7,627 8,004 7,942

 Deposit Funds ...................................................................................................................... 315 1,322 -1,718 10,419 11,426 11,741

 Miscellaneous Liability Accounts (Includes Checks 

 Outstanding Etc.)................................................................................................................. -10,390 2,460 -2,747 8,118 20,968 10,578

 Total Liability Accounts .................................................................................................. 110,218 365,409 165,001 5,103,466 5,358,658 5,468,875

Asset Accounts (Deduct) 

 Cash and Monetary Assets: 

 U.S. Treasury Operating Cash:1

 Federal Reserve Account ................................................................................................. 278 -283 -325 5,539 4,978 5,256

 Tax and Loan Note Accounts............................................................................................ 7,962 -13,398 -4,462 69,698 48,338 56,300

 Balance........................................................................................................................... 8,240 -13,681 -4,786 75,237 53,316 61,556

 Special Drawing Rights: 

 Total Holdings................................................................................................................... -77 472 457 9,301 9,849 9,772

 SDR Certificates Issued to Federal Reserve Banks.......................................................... ...... ...... ...... -2,200 -2,200 -2,200

 Balance........................................................................................................................... -77 472 457 7,101 7,649 7,572

 Reserve Position on the U.S. Quota in the IMF: 

 U.S. Subscription to International Monetary Fund: 

 Direct Quota Payments................................................................................................... ...... ...... ...... 46,525 46,525 46,525

 Maintenance of Value Adjustments................................................................................. -473 2,386 2,038 11,304 14,163 13,690

 Letter of Credit Issued to IMF ........................................................................................... -270 276 -4,230 -52,101 -51,555 -51,825

 Dollar Deposits with the IMF ............................................................................................. 4 16 -1 -153 -140 -136

 Receivable/payable (-) for Interim Maintenance 

 of Value Adjustments....................................................................................................... 435 -2,209 -59 -1,111 -3,755 -3,320

 Balance........................................................................................................................... -304 469 -2,253 4,464 5,237 4,933

 Other Cash and Monetary Assets....................................................................................... 320 1,219 897 25,168 26,067 26,387

 Total Cash and Monetary Assets...................................................................................... 8,179 -11,521 -5,686 111,969 92,270 100,449

 Non-Federal Securities of the National Railroad 

 Retirement Investment Trust................................................................................................ -1,769 -2,124 3,232 30,780 30,425 28,656

 Net Activity, Guaranteed Loan Financing.............................................................................. 417 6,000 11,509 -48,043 -42,460 -42,043

 Net Activity, Direct Loan Financing ....................................................................................... 798 873 -2,131 168,549 168,624 169,422

 Miscellaneous Asset Accounts ............................................................................................. -174 1,180 1,088 -267 1,086 913

 Total Asset Accounts ...................................................................................................... 7,451 -5,591 8,013 262,988 249,946 257,397

Excess of Liabilities (+) or Assets (-) .................................................................................. 102,767 371,001 156,988 4,840,478 5,108,712 5,211,479

Transactions Not Applied to Current Year's Surplus 

 or Deficit (See Schedule A for Details)................................................................................... ...... 440 432 ...... 440 440

Total Budget and Off-Budget Federal Entities 

 (Financing of Deficit (+) or Disposition of 

 Surplus (-)) .......................................................................................................................... 102,767 371,441 157,420 4,840,478 5,109,152 5,211,919

 1Major sources of information used to determine Treasury’s operating cash balance 

include Federal Reserve Banks, the Treasury Regional Finance Centers, the Internal 

Revenue Service Centers, the Bureau of the Public Debt and various electronic 

systems. Deposits are reflected as received and withdrawals are reflected as 

processed. 

 ...No Transactions 

 Note: Details may not add to totals due to rounding. 
21

Table 6. Schedule A-Analysis of Change in Excess of Liabilities of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

Fiscal Year to Date Classification This Month This Year Prior Year 

 

Excess of Liabilities Beginning of Period: 

 Based on Composition of Unified Budget In 

 Preceding Period ................................................................................................................. 5,108,712 4,841,785 4,679,712 

 Adjustments During Current Fiscal Year for 

 Changes in Composition of Unified Budget: 

 Revisions by Federal Agencies to the Prior Budget Results ............................................. ...... -1,307 21 

Excess of Liabilities Beginning of Period (Current Basis)........................................................ 5,108,712 4,840,478 4,679,734 

Budget Surplus (-) or Deficit: 

 Based on Composition of Unified Budget in Prior Fiscal Yr............................................... 102,767 371,441 157,420 

Total Surplus (-) or Deficit Table 2)......................................................................................... 102,767 371,441 157,420 

 Total-On-Budget (Table 2).................................................................................................... 107,129 557,275 337,046 

 Total-Off-Budget (Table 2).................................................................................................... -4,362 -185,834 -179,627 

Transactions Not Applied to Current Year's Surplus or Deficit: 

 Seigniorage .......................................................................................................................... ...... -440 -432 

 Reclassification of Aged Unreconciled Accounts .................................................................. ...... ...... (**) 

 Total-transactions Not Applied to Current Year's 

 Surplus or Deficit ............................................................................................................... ...... -440 -432 

Excess of Liabilities Close of Period .................................................................................. 5,211,479 5,211,479 4,836,721 

... No Transactions 

(* *) Less than $500,000. 

Note: Details may not add to totals due to rounding. 

Table 6. Schedule B-Securities Issued by Federal Agencies Under Special Financing Authorities, July 2008 and Other 

 Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

liability accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Agency Securities, Issued Under Special Financing 

 Authorities: 

 Obligations Guaranteed by the United States, 

 Issued By: 

 Department of Housing and Urban Development: 

 Federal Housing Administration........................................................................................ 5 -16 -28 85 65 69

 Obligations Not Guaranteed by the United States, 

 Issued By: 

 Legislative Branch: 

 Architect of the Capitol...................................................................................................... 3 2 3 152 151 155

 Independent Agencies: 

 Federal Communications Commission.............................................................................. ...... ...... ...... (**) (**) (**)

 National Archives and Records Administration ................................................................. ...... -5 -5 215 210 210

 Tennessee Valley Authority .............................................................................................. -191 403 -75 22,506 23,101 22,910

 Total Agency Securities ............................................................................................... -183 384 -105 22,959 23,527 23,344

... No Transactions 

 (* *) Less than $500,000. 

Note: Details may not add to totals due to rounding. 
22

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities, 

 July 2008 and Other Periods 

[$ millions] 

Transactions Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Borrowing from the Treasury: 

 Department of Agriculture: 

 Farm Service Agency: 

 Commodity Credit Corporation.......................................................................................... -1,342 -983 -10,158 4,532 4,891 3,549

 Agricultural Credit Insurance Fund.................................................................................... -1,100 -640 1,151 5,654 6,114 5,015

 Farm Storage Facility Loans ............................................................................................. -12 62 74 467 541 529

 Apple Loans Fund............................................................................................................. ...... ...... ...... 1 1 1

 Emergency Boll Weevil Loan Fund ................................................................................... ...... (**) ...... 4 4 4

 Natural Resources Conservation Service ........................................................................... ...... ...... ...... 4 4 4

 Rural Housing Service: 

 Rural Housing Insurance .................................................................................................. 116 649 806 11,479 12,012 12,128

 Rural Community Facility Loans Fund .............................................................................. 45 302 306 2,316 2,573 2,618

 Multifamily Housing Revitalization Loan Account.............................................................. 3 34 6 8 40 43

 Rural Business - Cooperative Service: 

 Rural Business and Industry Loans .................................................................................. ...... ...... ...... 65 65 65

 Rural Development Loan Fund ......................................................................................... ...... 13 15 267 279 279

 Rural Economic Development Loan Fund......................................................................... ...... 14 7 89 103 103

 Rural Utilities Service: 

 Rural Water and Waste Disposal Fund............................................................................. ...... 447 601 7,293 7,740 7,740

 Rural Electrification and Telecommunications Fund ......................................................... -255 364 1,092 14,737 15,357 15,101

 Rural Telephone Bank ...................................................................................................... ...... 42 43 462 504 504

 Distance Learning and Telemedicine Program ................................................................. ...... 47 83 311 357 357

 Foreign Agricultural Service................................................................................................ ...... ...... 90 1,448 1,448 1,448

 Department of Commerce: 

 Departmental Management: 

 Emergency Steel Guaranteed Loan Fund......................................................................... ...... ...... ...... 2 2 2

 National Oceanic and Atmospheric Administration: 

 Fisheries Finance ............................................................................................................. -29 -2 64 470 496 468

 Fishing Vessel Obligations................................................................................................ -3 -2 -2 9 10 8

 National Telecommunications and Information Administration 

 Digital Television Transition and Public Safety Fund ........................................................ 5 505 28 164 665 669

 Department of Defense - Military: 

 Arms Initiative Loans .......................................................................................................... ...... -27 14 27 (**) (**)

 Family Housing Improvement Loans................................................................................... ...... 28 9 197 225 225

 Department of Education: 

 College Housing and Academic Facilities Loans................................................................. ...... ...... (**) 81 81 81

 Federal Direct Student Loans ............................................................................................. 7,100 19,152 12,637 103,893 115,945 123,045

 Teach Grant Loans ............................................................................................................. 26 26 ...... ...... ...... 26

 Department of Energy: 

 Bonneville Power Administration Fund ............................................................................... 40 (**) -70 2,241 2,200 2,240

 Department of Homeland Security: 

 National Flood Insurance Fund........................................................................................... ...... -175 650 17,535 17,360 17,360

 Disaster Assistance Loan Fund .......................................................................................... ...... -251 44 252 (**) (**)

 Department of Housing and Urban Development: 

 Public and Indian Housing Programs: 

 Low-Rent Public Housing - Loans and Other Expenses ................................................... ...... 1 3 ...... 1 1

 Housing Programs: 

 Federal Housing Administration........................................................................................ ...... ...... ...... 4,573 4,573 4,573

 Department of the Interior: 

 Helium Fund ....................................................................................................................... ...... ...... ...... 252 252 252

 Bureau of Reclamation Loan Fund ..................................................................................... ...... ...... ...... 73 73 73

 Bureau of Indian Affairs ...................................................................................................... ...... 1 -21 8 10 10

 Assistance to American Samoa Loan Fund ........................................................................ ...... ...... ...... 11 11 11

 Department of Justice: 

 Federal Prison Industries, Incorporated .............................................................................. ...... ...... ...... 20 20 20

 Department of State: 

 Repatriation Loans.............................................................................................................. ...... (**) (**) 2 2 2

 Department of Transportation: 

 Minority Business Resource Center Fund........................................................................... ...... ...... (**) (**) (**) (**)

 Federal Aviation Administration: 

 Aircraft Purchase Loan Guarantee Program..................................................................... ...... ...... ...... (**) (**) (**)

 Federal Highway Administration: 

 Transportation Infrastructure Finance and Innovation Fund.............................................. 6 847 228 339 1,179 1,186

 Federal Railroad Administration: 

 Railroad Rehabilitation and Improvement Loan Fund ....................................................... 6 -176 97 505 323 329

 Other................................................................................................................................. ...... ...... ...... (**) (**) (**)

 Maritime Administration: 

 Ocean Freight Differential ................................................................................................. 1 -177 -246 193 15 16

 Department of Treasury: 

 Departmental Offices: 

 Air Transportation Stabilization Fund ................................................................................ ...... ...... 10 ...... ...... ......

 Community Development Financial Institutions Fund ....................................................... ...... 1 -3 42 43 43

 Federal Financing Bank Revolving Fund ............................................................................ -589 -3,043 -1,922 17,609 15,156 14,567

 Department of Veterans Affairs: 

 Veterans Housing Benefit Program Fund............................................................................ 455 1,169 350 993 1,707 2,162

 Native American Veteran Housing Fund............................................................................. ...... 8 14 53 61 61

 Vocational Rehabilitation Loan Fund .................................................................................. ...... 3 3 1 4 4

 Guaranteed Transitional Housing Loans for Homeless Veterans........................................ ...... ...... ...... (**) (**) (**)

 
23

Table 6. Schedule C (Memorandum)-Federal Agency Borrowing Financed Through the Issue of Treasury Securities, 

 July 2008 and Other Periods 

[$ millions] 

Transactions Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Borrowing from the Treasury:—Continued 

 Corps of Engineers: 

 Washington Aqueduct......................................................................................................... ...... -1 -1 13 12 12

 Environmental Protection Agency: 

 Abatement, Control, and Compliance Loan Program.......................................................... ...... -1 -1 16 15 15

 General Services Administration: 

 Land Acquisition and Development Fund............................................................................ ...... ...... ...... (**) (**) (**)

 International Assistance Program: 

 International Security Assistance: 

 Foreign Military Loan Program.......................................................................................... ...... ...... -204 27 27 27

 Military Debt Reduction..................................................................................................... ...... ...... ...... 225 225 225

 Agency for International Development: 

 International Debt Reduction ............................................................................................ ...... ...... ...... 474 474 474

 Overseas Private Investment Corporation .......................................................................... 4 218 194 793 1,007 1,011

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... ...... -396 -261 1,358 962 962

 Disaster Loan Fund ............................................................................................................ ...... -1,832 1,823 10,008 8,176 8,176

 Independent Agencies: 

 Export-Import Bank of the United States............................................................................. 21 -791 -547 4,364 3,552 3,573

 Federal Communications Commission: 

 Spectrum Auction Loan Fund ........................................................................................... ...... ...... 3 106 106 106

 Presidio Trust Fund ............................................................................................................ ...... ...... ...... 50 50 50

 Railroad Retirement Board: 

 Social Security Equivalent Benefit Account....................................................................... 297 -426 -551 2,945 2,221 2,518

 Smithsonian Institution: 

 John F. Kennedy Center Parking Facilities ....................................................................... ...... ...... ...... 20 20 20

 Tennessee Valley Authority ................................................................................................ 150 150 150 ...... ...... 150

 Total Agency Borrowing from the Treasury 

 Financed Through Treasury Securities Issued ............................................................ 4,946 15,163 6,612 219,079 229,296 234,242

Borrowing from the Federal Financing Bank: 

 Department of Agriculture: 

 Rural Utilities Service: 

 Rural Electrification and Telecommunications Fund ......................................................... 89 96 -371 25,604 25,611 25,699

 Department of Defense - Military: 

 Department of the Navy...................................................................................................... ...... ...... ...... 1,624 1,624 1,624

 Defense Agencies............................................................................................................... -53 -53 -101 -1,555 -1,555 -1,608

 Department of Education: 

 Historically Black College and University Capital 

 Financing Fund.................................................................................................................. 5 13 158 314 323 327

 Department of Health and Human Services: 

 Health Maintenance Organization Loan And 

 Loan Guarantee Fund........................................................................................................ ...... ...... ...... (**) (**) (**)

 Department of Housing and Urban Development: 

 Low-Rent Housing - Loans and Other Expenses ................................................................ ...... -99 -93 791 691 691

 Department of the Interior: 

 Assistance to Territories ..................................................................................................... -1 -1 -2 1 1 ......

 Department of Transportation: 

 Railroad Rehabilitation and Improvement Loan Fund ......................................................... ...... (**) (**) 2 2 2

 Department of Veterans Affairs: 

 Guaranteed Transitional Housing for Homeless Veterans .................................................. (**) (**) 2 5 5 5

 General Services Administration: 

 Federal Buildings Fund....................................................................................................... -12 -39 -25 2,120 2,093 2,081

 International Assistance Program: 

 Foreign Military Financing Program .................................................................................... ...... -105 -138 836 732 732

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... (**) -6 -8 17 11 11

 Independent Agencies: 

 Postal Service..................................................................................................................... -603 -3,342 -2,100 4,200 1,461 858

 Total Borrowing from the Federal Financing Bank ....................................................... -576 -3,536 -2,679 33,959 30,999 30,423

 Note: This table includes lending by the Federal Financing Bank accomplished by the 

purchase of agency financial assets, by the acquisition of agency debt securities, and by 

direct loans on behalf of an agency. The Federal Financing Bank borrows from Treasury 

and issues its own securities and in turn may loan these funds to agencies in lieu of 

agencies borrowing directly through Treasury or issuing their own securities. 

 ... No Transactions 

 (* *) Less than $500,000 

 Note: Details may not add to totals due to rounding. 
24

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, July 2008 and Other Periods 

[$ millions] 

Net Purchases or Sales (-) Securities Held as investments 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Federal Funds: 

 Department of Agriculture..................................................................................................... 2 23 40 88 109 111

 Department of Commerce..................................................................................................... 3 3 3 ...... ...... 3

 Department of Defense-Military: 

 Defense Cooperation Account ............................................................................................ (**) (**) (**) 6 7 7

 Department of Energy........................................................................................................... 57 2,607 2,849 44,058 46,607 46,665

 Department of Housing and Urban Development: 

 Housing Programs: 

 Federal Housing Administration Fund............................................................................... 64 -3,576 112 22,410 18,770 18,834

 Government National Mortgage Association: 

 Guarantees of Mortgage-Backed Securities ..................................................................... 121 412 350 8,759 9,050 9,171

 Department of the Interior..................................................................................................... 95 -16 211 7,166 7,055 7,150

 Department of Labor............................................................................................................. -160 -19,262 186 35,905 16,803 16,643

 Department of Transportation ............................................................................................... 16 170 159 924 1,078 1,094

 Department of the Treasury.................................................................................................. -1 514 776 17,171 17,686 17,684

 Department of Veterans Affairs: 

 Canteen Service Revolving Fund........................................................................................ ...... ...... ...... 26 26 26

 Veterans Reopened Insurance Fund .................................................................................. -4 -16 -15 379 366 363

 Servicemen's Group Life Insurance Fund ........................................................................... ...... (**) (**) 1 1 1

 Other Defense Civil Programs: 

 Uniformed Services Retiree Health Care Fund ................................................................... -5 19,633 19,706 92,191 111,830 111,825

 Office of Personnel Management: 

 Postal Service Contributions............................................................................................... ...... 1,202 20,091 25,491 26,694 26,694

 Independent Agencies: 

 Federal Deposit Insurance Corporation: 

 Deposit Insurance Fund.................................................................................................... -14,107 -13,844 810 47,515 47,778 33,671

 FSLIC Resolution Fund..................................................................................................... 7 128 124 3,182 3,304 3,311

 National Credit Union Administration .................................................................................. -101 129 383 7,183 7,412 7,311

 Postal Service..................................................................................................................... -200 21 -2,319 979 1,200 1,000

 Other .................................................................................................................................. 116 502 219 12,667 13,052 13,169

 Other .................................................................................................................................... -100 265 937 7,503 7,869 7,769

 Total Treasury Securities.................................................................................................. -14,196 -11,105 44,620 333,604 336,695 322,499

 Total Federal Funds...................................................................................................... -14,196 -11,105 44,620 333,604 336,695 322,499

Trust Funds: 

 Legislative Branch: 

 Library of Congress ............................................................................................................ 1 -1 8 44 42 43

 United States Tax Court...................................................................................................... ...... 1 (**) 9 9 9

 Other .................................................................................................................................. -3 -3 4 37 37 34

 Judicial Branch: 

 Judicial Retirement Funds .................................................................................................. -3 34 48 745 782 779

 Department of Agriculture..................................................................................................... -5 23 29 6 34 28

 Department of Defense-Military: 

 Voluntary Separation Incentive Fund.................................................................................. -20 -14 -23 560 566 546

 Other .................................................................................................................................. (**) -7 -6 39 33 32

 Department of Health and Human Services: 

 Federal Hospital Insurance Trust Fund............................................................................... -14,960 3,330 17,683 319,377 337,668 322,707

 Federal Supplementary Medical Insurance Trust 

 Fund .................................................................................................................................. 8,710 19,599 6,247 39,248 50,137 58,847

 Other .................................................................................................................................. 12 -18 194 2,669 2,639 2,651

 Department of Homeland Security........................................................................................ 14 188 370 2,782 2,956 2,970
25

Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, July 2008 and Other Periods 

[$ millions] 

Net Purchases or Sales (-) Securities Held as investments 

Current Fiscal Year 

Fiscal Year to Date Beginning of Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Trust Funds:—Continued

 Department of the Interior..................................................................................................... -2 -10 25 69 61 58

 Department of Labor: 

 Unemployment Trust Fund ................................................................................................. -2,621 1,563 7,510 74,923 79,108 76,487

 Other .................................................................................................................................. -10 -48 -48 77 39 29

 Department of State: 

 Foreign Service Retirement and Disability Fund ................................................................. 105 484 465 14,378 14,756 14,861

 Other .................................................................................................................................. -2 -1 1 34 36 33

 Department of Transportation: 

 Airport and Airway Trust Fund ............................................................................................ 105 -465 2,080 7,931 7,361 7,466

 Highway Trust Fund............................................................................................................ -1,147 -3,373 3,414 12,205 9,979 8,831

 Other .................................................................................................................................. ...... ...... ...... (**) (**) (**)

 Department of Treasury........................................................................................................ -51 -171 -134 865 746 695

 Department of Veterans Affairs: 

 General Post Fund, National Homes .................................................................................. ...... 2 -1 69 71 71

 National Service Life Insurance .......................................................................................... -81 -298 -253 9,752 9,535 9,453

 United States Government Life Insurance Fund ................................................................. -1 -3 -3 35 32 31

 Veterans Special Life Insurance Fund ................................................................................ -10 37 48 1,985 2,032 2,023

 Corps of Engineers ............................................................................................................... 35 517 491 4,023 4,505 4,540

 Other Defense Civil Programs: 

 Military Retirement Fund..................................................................................................... -1,069 26,670 11,791 190,232 217,970 216,901

 Other .................................................................................................................................. 62 240 107 1,571 1,750 1,812

 Environmental Protection Agency......................................................................................... 27 497 495 5,680 6,150 6,177

 National Aeronautics and Space Administration ................................................................... ...... (**) (**) 14 14 14

 Office of Personnel Management: 

 Civil Service Retirement and Disability Fund: 

 Treasury Securities........................................................................................................... -3,238 3,225 -12,543 701,665 708,128 704,890

 Employees Life Insurance Fund.......................................................................................... 29 1,269 1,449 32,965 34,205 34,234

 Employees and Retired Employees Health Benefits Fund.................................................. 132 67 1,266 15,892 15,828 15,959

 Social Security Administration: 

 Federal Old-Age and Survivors Insurance Trust 

 Fund .................................................................................................................................. 4,851 176,833 171,559 1,968,262 2,140,243 2,145,094

 Federal Disability Insurance Trust Fund.............................................................................. -1,332 4,972 7,688 213,830 220,133 218,802

 Independent Agencies: 

 Harry S. Truman Memorial Scholarship Trust Fund............................................................ (**) 1 (**) 54 55 55

 Japan-United States Friendship Commission ..................................................................... ...... (**) 1 38 39 39

 Railroad Retirement Board: 

 Treasury Securities........................................................................................................... -47 -231 332 2,001 1,818 1,771

 Agency Securities............................................................................................................. (**) (**) -1 6 6 6

 Other .................................................................................................................................. -8 44 52 740 793 785

 Total Treasury Securities.................................................................................................. -10,526 234,952 220,347 3,624,807 3,870,286 3,859,759

 Total Agency Securities .................................................................................................... (**) (**) -1 6 6 6

 Total Trust Funds ......................................................................................................... -10,526 234,952 220,346 3,624,813 3,870,291 3,859,765

Grand Total.................................................................................................................. -24,723 223,847 264,967 3,958,417 4,206,987 4,182,264

... No Transactions 

(* *) Less than $500,000 

Note: Investments are in Treasury securities unless otherwise noted.

Note: Details may not add to totals due to rounding. 
26

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, July 2008 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

asset accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Guaranteed Loan Financing Activity: 

 Department of Agriculture: 

 Farm Service Agency: 

 Commodity Credit Corporation Export Fund ..................................................................... -12 170 -636 -47 136 124

 Agricultural Credit Insurance Fund.................................................................................... (**) 47 -29 -400 -353 -353

 Rural Housing Service: 

 Rural Community Facility Loans ....................................................................................... -1 21 1 -36 -14 -14

 Rural Housing Insurance Fund ......................................................................................... 11 -46 -9 -640 -697 -686

 Rural Business-Cooperative Service: 

 Rural Business and Industry Loans .................................................................................. -2 6 2 -166 -157 -160

 Renewable Energy Guaranteed Loan Account ................................................................. 1 2 -1 -6 -5 -4

 Rural Utilities Service: 

 Rural Water and Waste Disposal Fund............................................................................. (**) (**) (**) -24 -24 -24

 Department of Commerce: 

 General Administration: 

 Emergency Oil, Gas, and Steel Account........................................................................... -3 -4 33 -47 -48 -50

 National Oceanic and Atmospheric Administration: 

 Fishing Vessel Obligations................................................................................................ ...... -2 -3 5 3 3

 Department of Defense-Military ............................................................................................ ...... -26 22 1 -25 -25

 Department of Education: 

 Office of Student Financial Assistance: 

 Federal Family Education Loans....................................................................................... 512 8,384 9,262 -36,847 -28,974 -28,463

 Department of Health and Human Services: 

 Health Resources and Services Administration: 

 Health Center Loans......................................................................................................... (**) (**) -1 -4 -4 -4

 Health Education Assistance Loans.................................................................................. (**) 20 9 -111 -91 -91

 Department of Housing and Urban Development: 

 Public and Indian Housing Programs: 

 Indian Housing Loans ....................................................................................................... (**) 3 -1 -35 -31 -31

 Native Hawaiian Housing Loans ....................................................................................... (**) (**) ...... (**) (**) (**)

 Community Planning and Development: 

 Community Development Loans ....................................................................................... ...... -4 -3 -87 -91 -91

 Housing Programs: 

 FHA-Mutual Mortgage Insurance Loans ........................................................................... -103 -4,318 -591 -1,013 -5,228 -5,331

 FHA-General and Special Risk Fund ................................................................................ 28 629 1,898 122 723 751

 Government National Mortgage Association: 

 Guarantees of Mortgaged-Backed Securities ................................................................... -29 -256 -249 -1,389 -1,616 -1,645

 Department of the Interior: 

 Bureau of Indian Affairs ...................................................................................................... (**) 60 -4 -98 -38 -37

 Department of Transportation: 

 Office of the Secretary: 

 Minority Business Resource Center Fund......................................................................... (**) (**) (**) (**) (**) (**)

 Federal Highway Administration: 

 Transportation Infrastructure Finance and Innovation Fund.............................................. ...... ...... ...... (**) (**) (**)

 Maritime Administration: 

 Maritime Guaranteed Loan (Title XI) Fund........................................................................ (**) 86 -1 -331 -244 -244

 Department of the Treasury: 

 Departmental Offices: 

 Air Transportation Stabilization Fund ................................................................................ ...... ...... 26 (**) (**) (**)

 Department of Veterans Affairs: 

 Veterans Benefits Administration: 

 Veterans Housing Benefit Program Fund.......................................................................... -6 -214 730 -2,908 -3,115 -3,122

 Guaranteed Transitional Housing Loans for Homeless Veterans...................................... (**) (**) 2 (**) (**) (**)

 International Assistance Program: 

 Agency for International Development: 

 Ukraine Export Credit Insurance Fund.............................................................................. ...... (**) ...... (**) ...... ......

 Loan Guarantees to Israel ................................................................................................ ...... ...... ...... -1,243 -1,243 -1,243

 Urban and Environmental Credit Guaranteed Loans ........................................................ (**) -1 1 -122 -122 -122

 Microenterprise and Small Enterprise Development ......................................................... ...... (**) (**) 2 2 2

 Development Credit Authority Loan Fund ......................................................................... (**) -1 5 -20 -22 -22

 Loan Guarantees to Egypt................................................................................................ ...... ...... ...... -177 -177 -177

 Overseas Private Investment Corporation .......................................................................... -10 426 112 -543 -107 -117

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... 44 928 266 -984 -99 -56

 Independent Agencies: 

 Export-Import Bank of the United States............................................................................. -12 89 667 -898 -797 -809

 Net Activity, Guaranteed Loan Financing ..................................................................... 417 6,000 11,509 -48,043 -42,460 -42,043

Direct Loan Financing Activity: 

 Department of Agriculture: 

 Farm Service Agency: 

 Agricultural Credit Insurance Fund.................................................................................... 51 312 -45 3,990 4,251 4,302

 Farm Storage Facility Loans ............................................................................................. -2 -20 30 304 286 285

 Apple Loans Fund............................................................................................................. -1 -1 (**) 1 1 (**)

 Emergency Boll Weevil Loan Fund ................................................................................... (**) (**) ...... (**) (**) (**)

 Natural Resources Conservation Service: 

 Agricultural Resource Conservation Demonstration Program ........................................... ...... ...... ...... (**) (**) (**)

 Rural Housing Service: 

 Rural Community Facility Loans Fund .............................................................................. 10 175 229 2,069 2,234 2,244

 Rural Housing Insurance Fund ......................................................................................... 12 -31 -118 11,360 11,316 11,328
27

Table 6. Schedule E-Net Activity, Guaranteed and Direct Loan Financing, July 2008 and Other Periods 

[$ millions] 

Net Transactions 

(-) denotes net reduction of 

asset accounts 

Account Balances 

Current Fiscal Year 

Fiscal Year to Date Beginning of 

Classification 

This Month This Year Prior Year This Year This Month 

Close of 

This Month 

 

Direct Loan Financing Activity:—Continued 

Department of Agriculture:—Continued 

Rural Housing Service: 

 Multifamily Housing Revitalization Loan Account.............................................................. 2 21 3 8 27 29

 Rural Business-Cooperative Service: 

 Rural Business and Industry Loan Fund ........................................................................... (**) -2 -7 -14 -16 -17

 Rural Development Loan Fund ......................................................................................... (**) -4 (**) 261 256 256

 Rural Economic Development Loan Fund......................................................................... -1 1 -3 82 84 82

 Rural Utilities Service: 

 Rural Water and Waste Disposal Loans ........................................................................... 52 203 228 6,399 6,550 6,602

 Rural Electrification and Telecommunications Fund ......................................................... 303 1,975 2,726 28,055 29,728 30,030

 Rural Telephone Bank ...................................................................................................... 37 29 -25 462 454 491

 Distance Learning and Telemedicine Program ................................................................. 2 -3 39 309 304 306

 Rural Development Insurance Fund ................................................................................. ...... ...... ...... 1,065 1,065 1,065

 Foreign Agricultural Service: 

 P.L. 480 Direct Loan Fund................................................................................................ -9 -621 -231 1,033 421 412

 International Debt Reduction ............................................................................................ -2 -44 44 153 110 109

 Department of Commerce: 

 National Oceanic and Atmospheric Administration: 

 Fisheries Finance ............................................................................................................. -4 -24 47 468 447 443

 Department of Defense-Military ............................................................................................ -1 26 4 197 223 222

 Department of Education: 

 Office of Postsecondary Education: 

 College Housing and Academic Facilities Loans............................................................... (**) -5 -3 13 9 9

 Historically Black College and University Capital 

 Financing Fund................................................................................................................ 4 18 -161 -5 8 12

 Office of Student Financial Assistance: 

 Federal Direct Student Loans ........................................................................................... 485 -670 -5,324 98,527 97,371 97,856

 Teach Grant Loans ........................................................................................................... -4 -4 ...... ...... ...... -4

 Department of Homeland Security: 

 Disaster Assistance Loan Fund .......................................................................................... ...... -2 39 2 (**) (**)

 Department of Housing and Urban Development: 

 Housing Programs: 

 FHA-Mutual Mortgage Insurance Loans ........................................................................... (**) -1 1 -3 -4 -4

 FHA-General and Special Risk Fund ................................................................................ ...... ...... (**) (**) (**) (**)

 Department of the Interior: 

 Bureau of Reclamation ....................................................................................................... ...... -15 -33 63 48 48

 Bureau of Indian Affairs ...................................................................................................... (**) 2 -4 5 7 7

 Assistance to American Samoa Loan Fund ........................................................................ ...... -2 -1 11 9 9

 Department of State: 

 Administration of Foreign Affairs: 

 Repatriation Loans............................................................................................................ (**) -1 -1 -5 -6 -6

 Department of Transportation: 

 Federal Highway Administration: 

 Transportation Infrastructure Finance and Innovation Fund.............................................. -1 822 127 337 1,159 1,158

 Federal Railroad Administration: 

 Railroad Rehabilitation and Improvement Loan Fund ....................................................... 6 -245 49 505 255 261

 Department of the Treasury: 

 Departmental Offices: 

 Community Development Financial Institutions Fund ....................................................... (**) -3 -4 42 39 39

 Financial Management Service........................................................................................... ...... ...... ...... (**) (**) (**)

 Department of Veterans Affairs: 

 Veterans Benefits Administration: 

 Veterans Housing Benefit Program Fund.......................................................................... 5 469 73 916 1,380 1,385

 Native American Veteran Housing Fund........................................................................... (**) 1 2 40 40 41

 Vocational Rehabilitation Loan Fund ................................................................................ (**) (**) (**) 1 1 1

 Environmental Protection Agency: 

 Abatement, Control, and Compliance Loan Program.......................................................... ...... -4 -4 16 12 12

 International Assistance Program: 

 International Security Assistance: 

 Foreign Military Loan Program.......................................................................................... ...... (**) -212 13 13 13

 Military Debt Reduction..................................................................................................... ...... -318 -13 219 -99 -99

 Agency for International Development: 

 International Debt Reduction ............................................................................................ ...... -54 -52 246 192 192

 Overseas Private Investment Corporation .......................................................................... -25 -117 -72 654 563 537

 Small Business Administration: 

 Business Loan Fund ........................................................................................................... (**) -8 (**) 106 98 98

 Disaster Loan Fund ............................................................................................................ -35 -328 1,284 7,272 6,980 6,944

 Independent Agencies: 

 Export-Import Bank of the United States............................................................................. -87 -646 -642 3,315 2,756 2,669

 Federal Communications Commission: 

 Spectrum Auction Loan Fund ........................................................................................... ...... -5 -103 60 55 55

 Net Activity, Direct Loan Financing................................................................................. 798 873 -2,131 168,549 168,624 169,422

 Note: Federal credit programs provide benefits to the public in the form of direct loans 

and loan guarantees. This table reflects cash transactions and balances of the 

nonbudgetary financing fund accounts that result from the disbursement of loans, collection 

of fees, repayment of principle, sale of collateral, interest, and subsidy received from the 

credit program accounts at net present value in accordance with the Credit Reform Act of 

1990. Unreimbursed costs such as administrative expenses and subsidy payments are 

reported on a cash basis and included within each program’s budgetary totals in Table 5. 

 ... No Transactions 

 (* *) Less than $500,000 

 Note: Details may not add to totals due to rounding. 
28

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2008 

[$ millions] 

Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. 

Fiscal 

Year 

to 

Date 

Comparable

Period

Prior 

F.Y. 

 

Receipts: 

Individual Income Taxes ........................................................ 95,563 65,443 112,657 148,838 24,400 56,632 244,025 21,651 108,554 66,124 943,887 964,698

Corporation Income Taxes..................................................... 5,955 2,699 83,879 6,060 -1,692 32,569 41,672 7,046 58,328 10,282 246,799 289,184

Social Insurance And Retirement Receipts: 

 Employment and General Retirement.................................. 59,952 64,468 66,989 82,681 67,520 73,882 91,661 68,890 78,390 65,277 719,710 689,612

 Unemployment Insurance.................................................... 2,137 3,261 259 2,139 2,989 353 7,663 12,746 686 2,815 35,048 35,823

 Other Retirement ................................................................. 325 394 349 370 327 325 325 394 322 387 3,518 3,582

Excise Taxes ......................................................................... 4,452 5,871 5,718 5,032 4,921 5,500 5,636 5,262 5,942 5,933 54,266 51,723

Estate and Gift Taxes ............................................................ 2,413 2,057 2,460 2,336 1,820 2,405 4,630 1,994 2,298 2,536 24,949 21,572

Customs Duties ..................................................................... 2,509 2,478 2,127 2,234 2,223 2,070 2,075 2,158 2,306 2,678 22,860 21,081

Miscellaneous Receipts ......................................................... 4,870 4,385 2,545 5,529 3,214 5,079 6,063 4,130 3,086 4,461 43,361 38,498

 Total--Receipts This Year.................................................. 178,175 151,055 276,982 255,217 105,723 178,816 403,751 124,272 259,912 160,494 2,094,398 ......

 (On-Budget)...................................................................... 133,146 102,705 227,125 191,181 53,495 120,840 333,059 70,392 199,010 110,050 1,541,003 ......

 (Off-Budget)...................................................................... 45,029 48,350 49,857 64,036 52,229 57,976 70,692 53,880 60,902 50,444 553,395 ......

 Total--Receipts Prior Year ................................................... 167,693 145,866 259,969 260,609 120,312 166,490 383,641 164,239 276,517 170,439 ...... 2,115,773

 (On Budget)......................................................................... 124,682 99,872 214,180 199,519 69,732 107,504 315,639 112,584 218,697 121,679 ...... 1,584,085

 (Off Budget)......................................................................... 43,011 45,994 45,789 61,090 50,580 58,987 68,002 51,655 57,820 48,760 ...... 531,688

Outlays: 

Legislative Branch ................................................................. 367 331 323 406 342 353 512 351 352 359 3,695 3,640

Judicial Branch ...................................................................... 480 626 487 502 511 469 509 602 560 520 5,266 4,996

Department of Agriculture: 

 Commodity Credit Corporation And 

 Foreign Agricultural Service................................................ 6,580 3,318 2,029 1,250 -147 -504 -439 -440 -1,160 -948 9,540 12,438

 Other ................................................................................... 5,964 4,870 7,902 8,019 7,417 7,850 5,715 6,412 7,245 6,709 68,103 60,505

Department of Commerce...................................................... 599 603 691 608 599 525 511 643 887 670 6,336 5,350

Department of Defense: 

 Military: 

 Military Personnel .............................................................. 23,979 14,124 9,871 5,971 14,444 6,576 10,073 14,584 6,413 10,881 116,916 106,704

 Operation and Maintenance............................................... 17,864 20,195 18,811 20,835 19,062 20,096 21,569 20,378 20,038 21,398 200,246 176,363

 International Reconstruction 

 and Other Assistance ....................................................... 3 2 2 3 2 2 2 3 2 3 25 30

 Procurement ...................................................................... 7,627 8,345 11,032 9,412 8,701 9,724 10,162 9,317 10,411 10,783 95,514 82,335

 Research, Development, Test, 

 and Evaluation.................................................................. 5,462 5,250 7,123 7,231 5,165 6,310 7,762 5,275 6,217 7,233 63,028 62,051

 Military Construction .......................................................... 912 899 934 636 823 1,004 700 1,060 1,079 1,126 9,173 6,512

 Family Housing.................................................................. 364 294 420 241 242 267 261 245 275 289 2,898 2,761

 Revolving and Management Funds ................................... 1,190 1,381 729 321 -262 -165 -341 635 568 624 4,681 1,849

 Other ................................................................................. -396 -273 251 -343 24 697 -1,203 -244 878 -862 -1,470 -880

 Total Military .................................................................. 57,005 50,217 49,174 44,309 48,199 44,512 48,986 51,253 45,880 51,475 491,009 437,725

Department of Education ....................................................... 5,037 4,971 4,501 7,581 7,055 4,907 4,572 8,758 4,542 3,853 55,777 52,863

Department of Energy............................................................ 1,409 881 2,209 1,243 1,859 1,059 2,384 2,390 1,073 1,823 16,329 16,612

Department of Health and Human Services: 

 Public Health Service........................................................... 3,540 3,775 4,032 3,948 4,146 4,416 4,105 4,459 4,549 4,220 41,189 40,116

 Centers for Medicare And Medicaid Services: 

 Grants to States for Medicaid ............................................ 17,386 17,047 15,987 16,379 16,274 15,885 18,336 18,312 15,873 17,660 169,139 159,340

 Federal Hospital Ins. Trust Fund........................................ 18,112 19,163 13,429 19,356 22,423 14,578 20,070 23,126 15,964 20,246 186,467 171,670

 Federal Supp. Med. Ins. Trust Fund .................................. 15,381 18,119 11,258 15,495 18,207 11,207 16,208 19,865 12,946 16,982 155,669 150,377

 Other ................................................................................. 20,053 23,059 12,883 17,405 26,201 14,244 25,706 27,384 15,676 20,811 203,422 207,196

 Administration for Children and Families.............................. 3,505 4,474 3,933 4,038 4,489 4,328 3,960 4,223 4,109 3,803 40,862 39,400

 Other ................................................................................... -19,484 -21,245 -16,890 -20,042 -22,933 -18,369 -25,949 -23,663 -24,002 -21,365 -213,943 -207,885

Department of Homeland Security......................................... 3,728 3,204 2,949 3,202 3,196 3,427 3,173 3,126 3,918 3,203 33,126 32,517

Department of Housing and Urban Development .................. 4,150 4,064 4,206 3,890 3,545 3,755 3,687 7,316 3,873 3,654 42,139 37,666

Department of the Interior...................................................... 914 819 1,001 912 827 825 575 711 869 985 8,438 8,479

Department of Justice............................................................ 2,684 2,079 2,296 2,412 1,919 2,140 2,187 2,006 2,255 2,278 22,255 20,043

Department of Labor: 

 Unemployment Trust Fund .................................................. 2,867 2,836 3,402 4,298 3,946 4,062 3,972 3,460 3,409 4,191 36,444 30,667

 Other ................................................................................... 506 84 1,592 1,004 749 -208 1,923 3,410 391 1,554 11,006 9,335

Department of State............................................................... 1,427 1,813 1,806 1,295 1,154 1,357 668 2,244 1,220 1,284 14,266 10,906

Department of Transportation: 

 Highway Trust Fund............................................................. 3,686 2,867 2,699 2,084 2,039 2,632 2,074 2,958 3,499 3,807 28,344 26,680

 Other ................................................................................... 2,413 2,225 2,583 1,992 2,052 2,303 2,332 2,471 2,466 2,714 23,550 21,405

Department of the Treasury: 

 Interest on Treasury Debt Securities (Gross)....................... 22,310 25,345 106,138 24,687 20,037 23,024 22,362 22,388 110,973 24,068 401,334 385,103

 Other ................................................................................... 1,064 1,385 2,576 5,088 32,303 13,084 9,523 19,226 15,380 2,000 101,631 64,834

 

 

 

 

 

 

 

 

 

 

 

 

 
29

Table 7. Receipts and Outlays of the U.S. Government by Month, Fiscal Year 2008 

[$ millions] 

Classification Oct. Nov. Dec. Jan. Feb. March April May June July Aug. Sept. 

Fiscal 

Year 

to 

Date 

Comparable

Period

Prior 

F.Y. 

 

Outlays:—Continued 

Department of Veterans Affairs: 

 Compensation And Pensions............................................... 3,223 6,163 3,351 207 6,470 268 3,369 6,523 275 3,453 33,300 28,118

 National Service Life............................................................ 77 73 70 84 95 101 93 89 91 82 855 841

 Other ................................................................................... 3,535 4,187 3,283 3,220 3,378 3,772 3,596 4,405 3,005 3,727 36,109 31,050

Corps of Engineers ................................................................ 450 321 437 507 447 376 333 371 364 483 4,090 2,904

Other Defense Civil Programs ............................................... 3,694 4,110 4,021 4,193 4,010 3,993 3,232 3,771 3,864 3,948 38,835 39,390

Environmental Protection....................................................... 668 677 714 687 630 713 576 675 637 570 6,546 6,795

Executive Office of the President........................................... 96 113 152 140 110 92 93 80 72 82 1,030 2,651

General Services Administration............................................ 33 24 38 29 17 189 -12 135 24 -4 473 224

International Assistance Program: 

 International Security Assistance......................................... 997 449 356 3,715 379 621 361 387 530 534 8,329 7,176

 Multilateral Assistance ......................................................... 118 61 49 89 54 4 1,022 82 25 83 1,588 1,892

 International Development Assistance................................. 551 373 474 295 263 421 395 -320 426 415 3,293 3,451

 Other ................................................................................... -1,599 -1,516 -79 -452 -52 -706 7 -480 33 212 -4,631 -1,241

National Aeronautics and Space Administration .................... 1,104 1,596 1,548 1,216 1,264 1,486 1,541 1,593 1,618 1,550 14,516 12,610

National Science Foundation................................................. 445 478 451 394 429 463 396 440 513 658 4,668 4,413

Office of Personnel Management .......................................... 6,326 5,026 5,352 5,987 5,843 6,061 6,390 5,331 5,432 6,039 57,787 52,362

Small Business Administration............................................... 71 71 73 78 -268 66 61 69 79 63 363 997

Social Security Administration: 

 Federal Old-Age and Survivors Ins. 

 Trust Fund (Off-Budget)...................................................... 40,770 40,907 41,500 41,882 41,970 42,680 42,195 42,832 46,392 42,758 423,885 404,094

 Federal Disability Ins. Trust 

 Fund (Off-Budget)............................................................... 8,402 8,474 8,832 8,825 8,845 9,026 9,105 9,026 9,740 8,975 89,247 83,044

 Other ................................................................................... 3,387 6,692 3,306 -59 6,783 -85 3,459 7,386 -559 3,404 33,714 28,926

Independent Agencies: 

 Fed. Deposit Ins. Corp: 

 Deposit Insurance Fund..................................................... 962 -485 -524 -199 -504 -220 -148 724 82 14,089 13,777 -719

 FSLIC Resolution Fund...................................................... 215 -29 -44 246 -7 -5 -17 -5 -7 68 416 240

 Postal Service: 

 Public Enterprise Funds (Off-Budget) ................................ -926 287 -525 -721 -449 -523 -812 613 147 -365 -3,274 273

 Payments to the Postal Service Fund ................................ 93 8 ...... 8 ...... ...... ...... ...... ...... ...... 109 114

 Tennessee Valley Authority ................................................. 195 74 -112 60 -217 454 -289 -6 326 -53 431 -38

 Other Independent Agencies ............................................... 979 1,325 3,546 2,449 3,546 2,134 1,750 901 -2,108 4,126 18,648 11,066

Undistributed Offsetting Receipts: 

 Employer Share, Employee Retirement............................... -18,288 -4,397 -4,084 -4,472 -4,316 -4,201 -4,094 -4,591 -4,285 -4,537 -57,264 -53,832

 Interest Received by Trust Funds ........................................ -1,489 -1,755 -85,937 -1,180 -1,509 -720 -2,931 -1,543 -88,768 -1,560 -187,393 -175,849

 Rents and Royalties on Outer 

 Continental Shelf Lands...................................................... -760 -942 -721 -1,208 -2,328 -1,288 -2,863 -1,279 -2,555 -2,093 -16,037 -6,037

 Other ................................................................................... (**) (**) (**) -1 -5 (**) -1 (**) -18,957 -1 -18,967 -13,700

Totals This Year: 

 Total Outlays...................................................................... 235,014 249,293 228,721 237,379 281,287 227,028 244,469 290,199 209,188 263,261 2,465,838 ......

 (On-Budget)...................................................................... 192,586 200,783 235,395 193,589 232,181 177,070 199,021 239,019 211,454 217,179 2,098,278 ......

 (Off-Budget)...................................................................... 42,428 48,510 -6,674 43,790 49,106 49,958 45,448 51,180 -2,266 46,082 367,561 ......

 Total-Surplus (+) or Deficit (-) ........................................... -56,838 -98,238 +48,261 +17,839 -175,563 -48,212 +159,282 -165,927 +50,725 -102,767 -371,441 ......

 (On-Budget)...................................................................... -59,440 -98,078 -8,270 -2,408 -178,686 -56,230 +134,038 -168,628 -12,443 -107,129 -557,275 ......

 (Off-Budget)...................................................................... +2,601 -160 +56,531 +20,246 +3,123 +8,018 +25,244 +2,700 +63,168 +4,362 +185,834 ......

 Total Borrowing from the Public ...................................... 18,877 79,523 -8,975 -3,664 127,587 76,304 -88,501 33,713 6,367 116,591 357,823 161,277

 Total-Outlays Prior Year ...................................................... 217,014 218,907 218,007 222,372 240,305 262,761 205,967 231,937 249,036 206,886 ...... 2,273,193

 (On-Budget)....................................................................... 176,517 173,720 223,858 179,869 193,617 215,714 160,504 184,566 249,332 163,434 ...... 1,921,132

 (Off-Budget)....................................................................... 40,497 45,187 -5,851 42,504 46,688 47,047 45,462 47,371 -296 43,452 ...... 352,061

 Total-Surplus (+) or Deficit (-) Prior Year ............................. -49,321 -73,042 +41,961 +38,236 -119,993 -96,270 +177,674 -67,699 +27,481 -36,447 ...... -157,420

 (On-Budget)....................................................................... -51,836 -73,849 -9,678 +19,650 -123,885 -108,210 +155,135 -71,982 -30,635 -41,755 ...... -337,046

 (Off-Budget)....................................................................... +2,514 +807 +51,639 +18,586 +3,892 +11,940 +22,540 +4,284 +58,116 +5,308 ...... +179,627

... No Transactions 

(* *) Less than $500,000 

Note: Details may not add to totals due to rounding. 
30

Table 8. Trust Fund Impact on Budget Results and Investment Holdings as of July 31, 2008 

[$ millions] 

This Month Fiscal Year to Date Securities held as investments 

Current Fiscal Year 

Beginning of Classification 

Receipts Outlays Excess Receipts Outlays Excess This Year This Month

Close of

This Month

Trust Receipts, Outlays, and Investments Held: 

 Airport and Airway ...................................................................................... 1,056 855 201 9,533 11,418 -1,885 7,931 7,361 7,466

 Black Lung Disability................................................................................... 53 30 23 522 275 247 ...... ...... ......

 Federal Disability Insurance........................................................................ 7,818 8,975 -1,157 94,334 89,247 5,086 213,830 220,133 218,802

 Federal Employees Life and Health............................................................ ...... -161 161 ...... -1,316 1,316 48,857 50,032 50,193

 Federal Employees Retirement .................................................................. 2,399 5,536 -3,137 57,491 53,720 3,770 716,797 723,675 720,540

 Federal Hospital Insurance......................................................................... 14,134 20,327 -6,193 199,309 187,410 11,899 319,377 337,668 322,707

 Federal Old-Age and Survivors Insurance .................................................. 47,912 42,758 5,154 601,359 423,885 177,474 1,968,262 2,140,243 2,145,094

 Federal Supplementary Medical Insurance................................................. 21,734 21,380 354 203,054 191,533 11,521 39,248 50,137 58,847

 Hazardous Substance Superfund ............................................................... 5 -50 54 1,121 773 348 2,744 3,070 3,078

 Highways.................................................................................................... 3,190 4,314 -1,124 28,548 33,719 -5,171 12,205 9,979 8,831

 Military Advances........................................................................................ 1,327 1,458 -132 18,648 13,767 4,881 ...... ...... ......

 Military Retirement...................................................................................... 2,703 3,890 -1,187 74,288 38,075 36,212 190,232 217,970 216,901

 Railroad Retirement.................................................................................... -1,223 886 -2,110 7,709 9,615 -1,906 2,007 1,823 1,776

 Unemployment ........................................................................................... 2,838 4,198 -1,360 39,209 36,528 2,682 74,923 79,108 76,487

 Veterans Life Insurance.............................................................................. 14 105 -92 669 937 -268 11,772 11,599 11,507

 All Other Trust ............................................................................................ 539 409 130 5,626 4,493 1,132 16,629 17,494 17,535

 Total Trust Fund Receipts and Outlays 

 and Investments Held from Table 6-D.................................................. 104,499 114,911 -10,412 1,341,420 1,094,079 247,340 3,624,813 3,870,291 3,859,765

Less: Interfund Transactions......................................................................... 31,367 31,367 ...... 540,778 540,778 ...... 

Trust Fund Receipts and Outlays on the Basis 

 of Tables 4 & 5 ............................................................................................ 73,131 83,544 -10,412 800,641 553,301 247,340 

Total Federal Fund Receipts and Outlays................................................. 87,446 179,801 -92,354 1,294,814 1,913,594 -618,781 

 Less: Interfund Transactions....................................................................... 83 83 ...... 1,057 1,057 ...... 

Federal Fund Receipts and Outlays on The 

 Basis of Table 4 & 5..................................................................................... 87,363 179,717 -92,354 1,293,757 1,912,537 -618,781 

Net Budget Receipts & Outlays ................................................................. 160,494 263,261 -102,767 2,094,398 2,465,838 -371,441 

 Note: Interfund receipts and outlays are transactions between Federal funds and trust 

funds such as Federal payments and contributions, and interest and profits on investments 

in Federal securities. They have no net effect on overall budget receipts and outlays since 

the receipt side of such transactions is offset against budget outlays. In this table, Interfund 

receipts are shown as an adjustment to arrive at total receipts and outlays of trust funds 

respectively. 

 ... No Transactions 

Table 9. Summary of Receipts by Source, and Outlays by Function of the U.S. Government, July 2008 and Other Periods 

[$ millions] 

Classification This Month Fiscal Year 

to Date 

Comparable Period 

Prior Fiscal Year 

RECEIPTS 

Individual Income Taxes .................................................................................................................. 66,124 943,887 964,698 

Corporation Income Taxes............................................................................................................... 10,282 246,799 289,184 

Social Insurance and Retirement Receipts: 

 Employment and General Retirement............................................................................................ 65,277 719,710 689,612 

 Unemployment Insurance.............................................................................................................. 2,815 35,048 35,823 

 Other Retirement ........................................................................................................................... 387 3,518 3,582 

Excise Taxes ................................................................................................................................... 5,933 54,266 51,723 

Estate and Gift Taxes ...................................................................................................................... 2,536 24,949 21,572 

Customs Duties ............................................................................................................................... 2,678 22,860 21,081 

Miscellaneous Receipts ................................................................................................................... 4,461 43,361 38,498 

 Total.......................................................................................................................................... 160,494 2,094,398 2,115,773 

NET OUTLAYS 

National Defense ............................................................................................................................. 54,150 515,185 461,572 

International Affairs.......................................................................................................................... 2,532 22,626 23,484 

General Science, Space, and Technology....................................................................................... 2,002 19,494 17,733 

Energy ............................................................................................................................................. -334 381 -851 

Natural Resources and Environment ............................................................................................... 2,736 24,765 23,693 

Agriculture ....................................................................................................................................... 309 20,111 19,940 

Commerce and Housing Credit........................................................................................................ 14,524 22,686 1,785 

Transportation ................................................................................................................................. 7,549 62,368 57,421 

Community and Regional Development........................................................................................... 1,757 18,727 23,880 

Education, Training, Employment and Social Services .................................................................... 5,701 75,345 72,352 

Health .............................................................................................................................................. 24,174 235,128 222,047 

Medicare.......................................................................................................................................... 36,472 322,358 311,924 

Income Security............................................................................................................................... 30,130 373,569 315,558 

Social Security................................................................................................................................. 51,722 513,046 487,073 

Veterans Benefits and Services....................................................................................................... 7,248 70,239 60,139 

Administration of Justice.................................................................................................................. 3,864 38,959 35,103 

General Government ....................................................................................................................... 1,293 14,064 12,519 

Net Interest...................................................................................................................................... 24,062 209,046 201,387 

Undistributed Offsetting Receipts .................................................................................................... -6,631 -92,258 -73,568 

 Total.......................................................................................................................................... 263,261 2,465,838 2,273,193 

Note: Details may not add to totals due to rounding.
31

Explanatory Notes 

1. Flow of Data into Monthly Treasury Statement 

The Monthly Treasury Statement (MTS) is assembled from data in the 

central accounting system. The major sources of data include monthly 

accounting reports by Federal entities and disbursing officers, and daily 

reports from the Federal Reserve banks. These reports detail accounting 

transactions affecting receipts and outlays of the Federal Government and 

off-budget Federal entities, and their related effect on the assets and 

liabilities of the U.S. Government. Information is presented in the MTS on 

a modified cash basis. 

2. Notes on Receipts 

Receipts included in the report are classified into the following major 

categories: (1) budget receipts and (2) offsetting collections (also called 

applicable receipts). Budget receipts are collections from the public that 

result from the exercise of the Government's sovereign or governmental 

powers, excluding receipts offset against outlays. These collections, also 

called governmental receipts, consist mainly of tax receipts (including 

social insurance taxes), receipts from court fines, certain licenses, and 

deposits of earnings by the Federal Reserve System. Refunds of receipts 

are treated as deductions from gross receipts. 

Offsetting collections are from other Government accounts or the public 

that are of a business-type or market-oriented nature. They are classified 

into two major categories: (1) offsetting collections credited to 

appropriations or fund accounts, and (2) offsetting receipts (i.e., amounts 

deposited in receipt accounts). Collections credited to appropriation or 

fund accounts normally can be used without appropriation action by 

Congress. These occur in two instances :(1) when authorized by law, 

amounts collected for materials or services are treated as 

reimbursements to appropriations and (2) in the three types of revolving 

funds (public enterprise, intra governmental, and trust); collections are 

netted against spending, and outlays are reported as the net amount. 

Offsetting receipts in receipt accounts cannot be used without being 

appropriated. They are subdivided into two categories: (1) proprietary 

receipts - these collections are from the public and they are offset against 

outlays by agency and by function, and (2) intra governmental funds - 

these are payments into receipt accounts from Governmental 

appropriation or fund accounts. The transactions may be intrabudgetary 

when the payment and receipt both occur within the budget or from 

receipts from off-budget Federal entities in those cases where payment is 

made by a Federal entity whose budget authority and outlays are excluded 

from the budget totals. 

Intrabudgetary transactions are subdivided into three categories: (1) 

interfund transactions, where the payments are from one fund group 

(either Federal funds or trust funds) to a receipt account in the other fund 

group; (2) Federal intrafund transactions, where the payments and 

receipts both occur within the Federal fund group; and (3) trust intrafund 

transactions, where the payments and receipts both occur within the trust 

fund group. 

Offsetting receipts are generally deducted from budget authority and 

outlays by function, by subfunction, or by agency. There are four types of 

receipts, however, that are deducted from budget totals as undistributed 

offsetting receipts. They are: (1) agencies' payments (including payments 

by off-budget Federal entities) as employers into employees retirement 

funds, (2)interest received by trust funds, (3) rents and royalties on the 

Outer Continental Shelf lands, and(4) other interest (i.e., interest collected 

on Outer Continental Shelf money in deposit funds when such money is 

transferred into the budget). 

3. Notes on Outlays 

Outlays are generally accounted for on the basis of checks issued, 

electronic funds transferred, or cash payments made. Certain outlays do 

not require issuance of cash or checks. An example is charges made 

against appropriations for that part of employees' salaries withheld for 

taxes or savings bond allotments - these are counted as payments to the 

employee and credits for whatever purpose the money was withheld. 

Outlays are stated net of offsetting collections (including receipts of 

revolving and management funds) and of refunds. Interest on the public 

debt (public issues) is recognized on the accrual basis. Federal credit 

programs subject to the Federal Credit Reform Act of 1990 use the cash 

basis of accounting and are divided into two components. The portion of 

the credit activities that involve a cost to the Government (mainly 

subsidies) is included within the 

budget program accounts. The remaining portion of the credit activities 

are in non-budget financing accounts. Outlays of off-budget Federal 

entities are excluded by law from budget totals. However, they are shown 

separately and combined with the on-budget outlays to display total 

Federal outlays. 

4. Processing 

The data on payments and collections are reported by account symbol 

into the central accounting system. In turn, the data are extracted from 

this system for use in the preparation of the MTS. 

There are two major checks which are conducted to assure consistency 

of the data reported: 

1. Verification of payment data. The monthly payment activity reported by 

Federal entities on the Statements of Transactions is compared to the 

payment activity of Federal entities as reported by disbursing officers. 

2. Verification of collection data. Reported collections appearing on 

Statements of Transactions are compared to deposits as reported by 

Federal Reserve Banks. 

5. Other Sources of Information About Federal Government Financial 

Activities 

• A Glossary of Terms Used in the Federal Budget Process, January 

1995 (Available from the U.S. Government Accounting Office, at 

http://www.gao.gov/new.items/do5734sp, or by calling 202-512-

6000. This glossary provides a basic reference document of 

standardized definitions of terms used by the Federal Government in 

the budget making process. 

• Daily Treasury Statement (Available on the internet at 

http://www.fms.treas.gov/). The Daily Treasury Statement is 

published each working day of the Federal Government and provides 

data on the cash and debt operations of the Treasury. 

• Monthly Statement of the Public Debt of the United States (Available 

from GPO, Washington, D.C. 20402 on a subscription basis only and 

on the internet at http://www.fms.treas.gov/opd/opd.htm). This 

publication provides detailed information concerning the public debt. 

• Treasury Bulletin (Available from GPO, Washington, D.C. 20402 on a 

subscription or single copy and on the internet at 

http://www.fms.treas.gov/). Quarterly. Contains a mix of narrative, 

tables, and charts on Treasury issues, Federal financial operations, 

international statistics, and special reports. 

• Budget of the United States Government, Fiscal Year 20__ (Available 

from GPO, Washington, D.C. 20402 on a subscription basis only and 

on the internet at http://www.access.gpo.gov/). This publication is a 

single volume which provides budget information and contains: 

- Appendix, The Budget of the United States Government, FY 

20__ 

- The United States Budget in Brief, FY 20__ 

- Analytical Perspectives 

- Historical Tables 

• Combined Statement of Receipts, Outlays, and Balances of the 

United States Government (Available from Financial Management 

Services, U.S. Department of Treasury, Washington, D.C. 20227 and 

on the internet at http://www.fms.treas.gov/annualreport). This 

report includes budgetary results at the summary level and presents 

individual receipt and appropriation accounts at the detail level. 
32

Scheduled Release

The release date for the August 2008 

Statement will be 2:00 p.m. EST September 11, 2008. 

The Monthly Treasury Statement is now available on the Department of Commerce’s Economic Bulletin Board. 

For information call (202) 482-1986. 

Internet service subscribers can access the current issue of the Monthly Treasury Statement through the 

Financial Management Service’s home page: 

http://www.fms.treas.gov